ADACC INVEST AS: årsregnskap 2020 vs 2019
Shrank 100% on revenue, returned to profit, cash halved-plus
approved 2021-08-31; registry 2021-09-29; journal 2021 829702
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADACC INVEST AS. Revenue 32.7k NOK → 0 NOK (-100.0%). Net result -6 617 NOK → +503.3k NOK. Equity 2.85m NOK → 3.35m NOK.
On the constructive side: turned profitable; equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADACC INVEST AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 6 617 NOK to a profit of 503.3k NOK. Calculated
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↑
Equity strengthened
Book equity 2.85m NOK → 3.35m NOK (equity ratio 29.9% → 33.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 32.7k NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Operating result weakened
Operating result +30.8k NOK → -6 342 NOK. Calculated
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↓
Cash fell
Bank deposits 38.7k NOK → 1 088 NOK (-97.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.48× → 0.26× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 9.32m NOK → 9.98m NOK. Reported fact