ADA FLORØ AS: årsregnskap 2020 vs 2019
Grew 120% on revenue, returned to profit
approved 2021-05-10; registry 2021-06-12; journal 2021 302068
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADA FLORØ AS. Revenue 798 NOK → 1 759 NOK (+120.4%). Net result -127.2k NOK → +448.0k NOK. Equity -727.5k NOK → -279.5k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: current ratio dropped below 1×.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 798 NOK to 1 759 NOK (+120.4% YoY). Calculated
-
↑
Operating result improved
Operating result -160.8k NOK → +107.3k NOK (op. margin -20144.1% → 6101.9%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 127.2k NOK to a profit of 448.0k NOK. Calculated
-
↑
Equity strengthened
Book equity -727.5k NOK → -279.5k NOK (equity ratio -3.3% → -0.8%). Calculated
-
↑
Cash rose
Bank deposits 706.4k NOK → 794.6k NOK (+12.5% YoY). Calculated
What deteriorated
-
↓
Current ratio dropped below 1×
Current ratio 2.02× → 0.25× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated