AD HOC MANAGEMENT AS: årsregnskap 2020 vs 2019
Grew 421% on revenue, stronger earnings, cash halved-plus
approved 2021-06-10; registry 2021-08-04; journal 2021 608570
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AD HOC MANAGEMENT AS. Revenue 782.7k NOK → 4.08m NOK (+421.1%). Net result +1.29m NOK → +1.77m NOK. Equity 31.6k NOK → 30.1k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; book investments changed. All figures are taken from the published annual accounts for AD HOC MANAGEMENT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 782.7k NOK to 4.08m NOK (+421.1% YoY). Calculated
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Operating result improved
Operating result +661.6k NOK → +2.27m NOK (op. margin 84.5% → 55.6%). Calculated
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Net result improved
Net result +1.29m NOK → +1.77m NOK (net margin 164.8% → 43.3%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 31.6k NOK → 30.1k NOK (equity ratio 14.7% → 1.1%). Calculated
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↓
Cash fell
Bank deposits 962.6k NOK → 351.8k NOK (-63.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.95× → 0.83× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 1.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1.74m NOK → 1.99m NOK (223% → 49% of revenue). Calculated
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Book investments changed
Investment / intangible book value 490 NOK → 490.0k NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 2 → 1. Reported fact