AD-MA HOLDING AS: årsregnskap 2020 vs 2019
Shrank 58% on revenue, stronger earnings
approved 2021-06-15; registry 2021-06-23; journal 2021 460949
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AD-MA HOLDING AS. Revenue 400.0k NOK → 168.5k NOK (-57.9%). Net result +485.1k NOK → +14.63m NOK. Equity 6.75m NOK → 21.38m NOK.
On the constructive side: net result improved; equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AD-MA HOLDING AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +485.1k NOK → +14.63m NOK (net margin 121.3% → 8680.7%). Calculated
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↑
Equity strengthened
Book equity 6.75m NOK → 21.38m NOK (equity ratio 95.7% → 99.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 400.0k NOK to 168.5k NOK (-57.9% YoY). Calculated
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↓
Operating result weakened
Operating result +337.4k NOK → -130.9k NOK (op. margin 84.3% → -77.7%). Calculated
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↓
Cash fell
Bank deposits 1.27m NOK → 1.05m NOK (-17.4% YoY). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 250 NOK → 1.65m NOK. Reported fact