AD MEN AS: årsregnskap 2020 vs 2019
Shrank 54% on revenue, returned to profit, cash halved-plus
approved 2021-01-20; registry 2021-02-11; journal 2021 115723
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AD MEN AS. Revenue 460.1k NOK → 211.2k NOK (-54.1%). Net result -103.0k NOK → +22.6k NOK. Equity -17.4k NOK → 5 150 NOK.
On the constructive side: turned profitable; equity strengthened; current ratio back above 1×. Pressures included: revenue fell; cash fell.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
-
↑
Turned profitable
Net result flipped from a loss of 103.0k NOK to a profit of 22.6k NOK. Calculated
-
↑
Equity strengthened
Book equity -17.4k NOK → 5 150 NOK (equity ratio -35.9% → 35.4%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.74× → 1.55×. Calculated
-
↑
Payroll decreased
Salary cost 3.43m NOK → 3 NOK (746% → 0% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 460.1k NOK to 211.2k NOK (-54.1% YoY). Calculated
-
↓
Cash fell
Bank deposits 26.4k NOK → 12.9k NOK (-51.0% YoY). Calculated