ADAMS ISOLERING AS: årsregnskap 2020 vs 2019
Grew 28% on revenue, slipped into loss
approved 2022-02-18; registry 2022-02-22; journal 2022 119839
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADAMS ISOLERING AS. Revenue 11.60m NOK → 14.86m NOK (+28.1%). Net result +229.2k NOK → -539.1k NOK. Equity 14.58m NOK → 11 NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for ADAMS ISOLERING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 11.60m NOK to 14.86m NOK (+28.1% YoY). Calculated
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↑
Cash rose
Bank deposits 791.6k NOK → 899.7k NOK (+13.6% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.43× → 1.00×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +368.3k NOK → -481.9k NOK (op. margin 3.2% → -3.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 229.2k NOK profit to a loss of 539.1k NOK. Calculated
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↓
Equity eroded
Book equity 14.58m NOK → 11 NOK (equity ratio 384.5% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 3.43m NOK → 4.48m NOK (+30.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 847.4k NOK → -5 400 NOK. Reported fact