Org.nr 966 109 505 2019 → 2020 Year-over-year analysis

AD DEKOR AS: årsregnskap 2020 vs 2019

Shrank 28% on revenue, slipped into loss

approved 2021-06-28; registry 2021-07-27; journal 2021 542365

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AD DEKOR AS. Revenue 22.34m NOK → 16.17m NOK (-27.6%). Net result +1.54m NOK → -493.4k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for AD DEKOR AS.

At a glance

Revenue

22.34m NOK 16.17m NOK

-27.6%

Operating result

+1.98m NOK -627.2k NOK

-131.7%

Net result

+1.54m NOK -493.4k NOK

-132.1%

Equity

n/m 7.07m NOK

—

Cash

3.70m NOK 3.21m NOK

-13.4%

Total assets

11.00m NOK 10.02m NOK

-8.9%

↑
Payroll decreased

Salary cost 9.67m NOK → 7.58m NOK (43% → 47% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 22.34m NOK to 16.17m NOK (-27.6% YoY). Calculated
↓
Operating result weakened

Operating result +1.98m NOK → -627.2k NOK (op. margin 8.9% → -3.9%). Calculated
↓
Fell into a net loss

Net result flipped from 1.54m NOK profit to a loss of 493.4k NOK. Calculated
↓
Cash fell

Bank deposits 3.70m NOK → 3.21m NOK (-13.4% YoY). Calculated

·
Paid-in equity reduced

Paid-in equity fell 7.57m NOK → 7.07m NOK — check capital reduction, conversion, or reclassification. Interpretation
·
COGS fell

COGS / varekostnad 6.37m NOK → 5.59m NOK (-12.2% YoY). Calculated