ADAM'S CARAVAN AS: årsregnskap 2020 vs 2019
Shrank 76% on revenue, weaker earnings
approved 2021-03-14; registry 2021-04-06; journal 2021 185966
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADAM'S CARAVAN AS. Revenue 686.3k NOK → 167.8k NOK (-75.6%). Net result -2 723 NOK → -104.0k NOK. Equity 33.8k NOK → -70.2k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADAM'S CARAVAN AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 216.9k NOK → 241.2k NOK (+11.2% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 686.3k NOK to 167.8k NOK (-75.6% YoY). Calculated
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↓
Operating result weakened
Operating result +2 792 NOK → -102.9k NOK (op. margin 0.4% → -61.3%). Calculated
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↓
Net result weakened
Net result -2 723 NOK → -104.0k NOK (net margin -0.4% → -62.0%). Calculated
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↓
Equity eroded
Book equity 33.8k NOK → -70.2k NOK (equity ratio 15.3% → -15.7%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.18× → 0.69× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -15.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation