AD UND AS: årsregnskap 2020 vs 2019
Shrank 11% on revenue, stronger earnings
approved 2021-05-22; registry 2021-05-26; journal 2021 324715
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AD UND AS. Revenue 1.17m NOK → 1.04m NOK (-10.6%). Net result +220.7k NOK → +687.4k NOK. Equity 13.78m NOK → 14 NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AD UND AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +101.3k NOK → +185.7k NOK (op. margin 8.7% → 17.8%). Calculated
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Net result improved
Net result +220.7k NOK → +687.4k NOK (net margin 18.9% → 65.9%). Calculated
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Cash rose
Bank deposits 191.1k NOK → 358.3k NOK (+87.5% YoY). Calculated
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Payroll decreased
Salary cost 5760.84bn NOK → 4 NOK (494059112% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.17m NOK to 1.04m NOK (-10.6% YoY). Calculated
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↓
Equity eroded
Book equity 13.78m NOK → 14 NOK (equity ratio 1419.9% → 0.0%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 13.1k NOK → 318 NOK (-97.6% YoY). Calculated