AD-FRAKT AS: årsregnskap 2020 vs 2019
Shrank 6% on revenue, stronger earnings
approved 2020-12-31; registry 2021-06-01; journal 2021 363629
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AD-FRAKT AS. Revenue 4.70m NOK → 4.41m NOK (-6.3%). Net result +203.2k NOK → +273.9k NOK. Equity 2.99m NOK → 3.26m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AD-FRAKT AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +289.3k NOK → +348.2k NOK (op. margin 6.2% → 7.9%). Calculated
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↑
Net result improved
Net result +203.2k NOK → +273.9k NOK (net margin 4.3% → 6.2%). Calculated
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↑
Equity strengthened
Book equity 2.99m NOK → 3.26m NOK (equity ratio 80.3% → 66.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.70m NOK to 4.41m NOK (-6.3% YoY). Calculated
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↓
Cash fell
Bank deposits 1.56m NOK → 939.7k NOK (-40.0% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 748.8k NOK → 810.0k NOK (16% → 18% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.48m NOK → 1.14m NOK (-22.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 315.3k NOK → 300.3k NOK. Reported fact