FirmaIQ
Org.nr 912 262 464 2019 → 2020 Year-over-year analysis

ADAN MACHINERY AS: årsregnskap 2020 vs 2019

Shrank 41% on revenue, returned to profit

registry 2023-09-04; journal 2023 722458

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADAN MACHINERY AS. Revenue 668.0k NOK → 392.6k NOK (-41.2%). Net result -30.8k NOK → +357.9k NOK. Equity 145.4k NOK → 12.50m NOK.

On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADAN MACHINERY AS.

At a glance

Scorecard

Revenue
668.0k NOK 392.6k NOK
-41.2%
Operating result
-19.0k NOK +433.4k NOK
+2380.5%
Net result
-30.8k NOK +357.9k NOK
+1260.8%
Equity
145.4k NOK 12.50m NOK
+8497.8%
Cash
6 356 NOK 6 880 NOK
+8.2%
Total assets
378.7k NOK 570.2k NOK
+50.6%

What improved

  • ↑

    Operating result improved

    Operating result -19.0k NOK → +433.4k NOK (op. margin -2.8% → 110.4%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 30.8k NOK to a profit of 357.9k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 145.4k NOK → 12.50m NOK (equity ratio 38.4% → 2192.6%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 668.0k NOK to 392.6k NOK (-41.2% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 584.2k NOK → -134.6k NOK (-123.0% YoY). Calculated