ADAPTA SALES AS: årsregnskap 2020 vs 2019
Shrank 19% on revenue, weaker earnings, cash halved-plus
approved 2021-08-13; registry 2021-09-02; journal 2021 713184
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADAPTA SALES AS. Revenue 529.1k NOK → 429.1k NOK (-18.9%). Net result +64.2k NOK → +17.6k NOK. Equity 165.1k NOK → 190.9k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADAPTA SALES AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 165.1k NOK → 190.9k NOK (equity ratio 61.9% → 79.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 529.1k NOK to 429.1k NOK (-18.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +92.8k NOK → +22.7k NOK (op. margin 17.5% → 5.3%). Calculated
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↓
Net result weakened
Net result +64.2k NOK → +17.6k NOK (net margin 12.1% → 4.1%). Calculated
-
↓
Cash fell
Bank deposits 62.6k NOK → 22.0k NOK (-64.9% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 374.0k NOK → 327.2k NOK (-12.5% YoY). Calculated