ADAM OG EVA FRISØR AS: årsregnskap 2020 vs 2019
Shrank 12% on revenue, weaker earnings, cash halved-plus
approved 2021-04-27; registry 2021-06-23; journal 2021 382522
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADAM OG EVA FRISØR AS. Revenue 83.34m NOK → 73.66m NOK (-11.6%). Net result +3.89m NOK → +3.08m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADAM OG EVA FRISØR AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 44.55m NOK → 40.20m NOK (53% → 55% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 83.34m NOK to 73.66m NOK (-11.6% YoY). Calculated
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↓
Operating result weakened
Operating result +4.92m NOK → +3.85m NOK (op. margin 5.9% → 5.2%). Calculated
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↓
Net result weakened
Net result +3.89m NOK → +3.08m NOK (net margin 4.7% → 4.2%). Calculated
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↓
Cash fell
Bank deposits 13.42m NOK → 71.9k NOK (-99.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.25× → 0.82× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (13.42m NOK → 71.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 9.48m NOK → 8.46m NOK (-10.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 48.0k NOK → 8.12m NOK. Reported fact