Org.nr 919 984 864 2019 → 2020 Year-over-year analysis

ADAMUSIC AS: årsregnskap 2020 vs 2019

Shrank 66% on revenue, stronger earnings

approved 2021-08-31; registry 2021-09-09; journal 2021 741893

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADAMUSIC AS. Revenue 2.08m NOK → 703.6k NOK (-66.2%). Net result +401.2k NOK → +613.3k NOK.

On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; cogs moved.

Mixed year — gains and pressures both show up.

At a glance

Revenue

2.08m NOK 703.6k NOK

-66.2%

Operating result

+520.8k NOK +790.0k NOK

+51.7%

Net result

+401.2k NOK +613.3k NOK

+52.9%

Equity

n/m 1.44m NOK

—

Cash

402.4k NOK 596.8k NOK

+48.3%

Total assets

2.16m NOK 2.58m NOK

+19.4%

↑
Operating result improved

Operating result +520.8k NOK → +790.0k NOK (op. margin 25.0% → 112.3%). Calculated
↑
Net result improved

Net result +401.2k NOK → +613.3k NOK (net margin 19.3% → 87.2%). Calculated
↑
Cash rose

Bank deposits 402.4k NOK → 596.8k NOK (+48.3% YoY). Calculated

↓
Revenue fell

Operating income / revenue moved from 2.08m NOK to 703.6k NOK (-66.2% YoY). Calculated
↓
COGS moved

COGS / varekostnad 35.5k NOK → 223.5k NOK (+529.5% YoY). Calculated