ADAPA SYSTEMS AS: årsregnskap 2020 vs 2019
Grew 356% on revenue, returned to profit, fresh owner capital
approved 2021-05-07; registry 2021-05-12; journal 2021 284825
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADAPA SYSTEMS AS. Revenue 30.2k NOK → 137.9k NOK (+356.4%). Net result -150.9k NOK → +1 012 NOK. Equity -1.29m NOK → -1.28m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ADAPA SYSTEMS AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 30.2k NOK to 137.9k NOK (+356.4% YoY). Calculated
-
↑
Operating result improved
Operating result -150.7k NOK → +1 119 NOK (op. margin -498.6% → 0.8%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 150.9k NOK to a profit of 1 012 NOK. Calculated
-
↑
Equity strengthened
Book equity -1.29m NOK → -1.28m NOK (equity ratio -1175.3% → -1843.7%). Calculated
-
↑
Cash rose
Bank deposits 795 NOK → 48.8k NOK (+6037.7% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -1843.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS moved
COGS / varekostnad 7 050 NOK → 37.7k NOK (+434.9% YoY). Calculated