ADAKS HOLDING AS: årsregnskap 2020 vs 2019
Grew 185% on revenue, weaker earnings
approved 2021-08-31; registry 2021-09-16; journal 2021 715746
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADAKS HOLDING AS. Revenue 2.84m NOK → 8.10m NOK (+184.9%). Net result +340.2k NOK → +3 989 NOK. Equity 6.97m NOK → 6.78m NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for ADAKS HOLDING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.84m NOK to 8.10m NOK (+184.9% YoY). Calculated
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Operating result improved
Operating result +1.55m NOK → +2.35m NOK (op. margin 54.3% → 29.0%). Calculated
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Cash rose
Bank deposits 126.8k NOK → 195.6k NOK (+54.3% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +340.2k NOK → +3 989 NOK (net margin 12.0% → 0.0%). Calculated
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↓
Equity eroded
Book equity 6.97m NOK → 6.78m NOK (equity ratio 18.4% → 20.4%). Calculated
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Current ratio dropped below 1×
Current ratio 2.73× → 0.61× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS moved
COGS / varekostnad 115.6k NOK → 194.5k NOK (+68.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 5.99m NOK → 5.12m NOK. Reported fact