AD METAM AS: årsregnskap 2020 vs 2019
Shrank 100% on revenue, stronger earnings, cash halved-plus
approved 2021-02-27; registry 2021-04-21; journal 2021 212876
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AD METAM AS. Revenue 440.1k NOK → 440 NOK (-99.9%). Net result -2.57m NOK → -88.0k NOK. Equity 5.10m NOK → 5 NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AD METAM AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -1.58m NOK → -88.0k NOK (op. margin -358.8% → -20000.0%). Calculated
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↑
Net result improved
Net result -2.57m NOK → -88.0k NOK (net margin -584.4% → -20000.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 440.1k NOK to 440 NOK (-99.9% YoY). Calculated
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↓
Equity eroded
Book equity 5.10m NOK → 5 NOK (equity ratio 4922.4% → 0.1%). Calculated
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↓
Cash fell
Bank deposits 43.6k NOK → 0 NOK (-100.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation