AD NOTAM FORLAG AS: årsregnskap 2020 vs 2019
Shrank 78% on revenue, stronger earnings, cash halved-plus
approved 2021-06-25; registry 2021-07-17; journal 2021 498698
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AD NOTAM FORLAG AS. Revenue 594.2k NOK → 129.5k NOK (-78.2%). Net result -378.6k NOK → -32.6k NOK. Equity -314.2k NOK → -346.9k 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; cogs fell. All figures are taken from the published annual accounts for AD NOTAM FORLAG AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -370.8k NOK → -26.0k NOK (op. margin -62.4% → -20.1%). Calculated
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↑
Net result improved
Net result -378.6k NOK → -32.6k NOK (net margin -63.7% → -25.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 594.2k NOK to 129.5k NOK (-78.2% YoY). Calculated
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↓
Equity eroded
Book equity -314.2k NOK → -346.9k NOK (equity ratio -61.1% → -528.2%). Calculated
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↓
Cash fell
Bank deposits 497.4k NOK → 37.5k NOK (-92.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -528.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 774.7k NOK → 38.6k NOK (-95.0% YoY). Calculated