AD UTVIKLING AS: årsregnskap 2020 vs 2019
Grew 3382% on revenue, weaker earnings
approved 2021-06-07; registry 2021-07-07; journal 2021 460247
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AD UTVIKLING AS. Revenue 725 NOK → 25.2k NOK (+3382.5%). Net result -354.1k NOK → -594.0k NOK. Equity -254.1k NOK → -848.0k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for AD UTVIKLING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 725 NOK to 25.2k NOK (+3382.5% YoY). Calculated
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↑
Operating result improved
Operating result -15.6k NOK → +609.5k NOK (op. margin -2155.7% → 2414.0%). Calculated
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↑
Cash rose
Bank deposits 24.9k NOK → 659.1k NOK (+2544.5% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result -354.1k NOK → -594.0k NOK (net margin -48838.8% → -2352.5%). Calculated
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↓
Equity eroded
Book equity -254.1k NOK → -848.0k NOK (equity ratio -1.3% → -3.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -3.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 208 NOK → 24.4k NOK (+11615.9% YoY). Calculated