ADAL MULTISERVICE AS: årsregnskap 2020 vs 2019
Shrank 63% on revenue, weaker earnings, cash halved-plus
approved 2021-06-30; registry 2021-08-30; journal 2021 652529
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADAL MULTISERVICE AS. Revenue 2.04m NOK → 759.2k NOK (-62.8%). Net result +1.29m NOK → +616.4k NOK. Equity 389.4k NOK → 352.3k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADAL MULTISERVICE AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 89.2k NOK → 19.2k NOK (4% → 3% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.04m NOK to 759.2k NOK (-62.8% YoY). Calculated
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↓
Operating result weakened
Operating result +1.61m NOK → +743.2k NOK (op. margin 78.8% → 97.9%). Calculated
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↓
Net result weakened
Net result +1.29m NOK → +616.4k NOK (net margin 63.2% → 81.2%). Calculated
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↓
Equity eroded
Book equity 389.4k NOK → 352.3k NOK (equity ratio 17.2% → 28.0%). Calculated
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↓
Cash fell
Bank deposits 674.1k NOK → 84.0k NOK (-87.5% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 581.8k NOK → 608.0k NOK. Reported fact