ADA&VILDE AS: årsregnskap 2020 vs 2019
Shrank 48% on revenue, slipped into loss
approved 2021-03-09; registry 2021-03-17; journal 2021 153907
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADA&VILDE AS. Revenue 1.21m NOK → 629.5k NOK (-48.1%). Net result +4.14m NOK → -17.5k NOK. Equity 35.0k NOK → 17.5k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADA&VILDE AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits -145.5k NOK → 157.4k NOK (+208.2% YoY). Calculated
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↑
Payroll decreased
Salary cost 348.4k NOK → 273.8k NOK (29% → 43% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.21m NOK to 629.5k NOK (-48.1% YoY). Calculated
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↓
Operating result weakened
Operating result +150.3k NOK → -53.3k NOK (op. margin 12.4% → -8.5%). Calculated
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↓
Fell into a net loss
Net result flipped from 4.14m NOK profit to a loss of 17.5k NOK. Calculated
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↓
Equity eroded
Book equity 35.0k NOK → 17.5k NOK (equity ratio 6.6% → 4.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 443.7k NOK → 168.0k NOK (-62.1% YoY). Calculated