ADAPTED AS: årsregnskap 2020 vs 2019
Shrank 72% on revenue, stronger earnings
approved 2021-05-06; registry 2021-05-10; journal 2021 273314
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADAPTED AS. Revenue 415.3k NOK → 115.5k NOK (-72.2%). Net result +67.7k NOK → +301.9k NOK. Equity -141.6k NOK → 14.16m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADAPTED AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +67.7k NOK → +339.5k NOK (op. margin 16.3% → 294.0%). Calculated
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↑
Net result improved
Net result +67.7k NOK → +301.9k NOK (net margin 16.3% → 261.4%). Calculated
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↑
Equity strengthened
Book equity -141.6k NOK → 14.16m NOK (equity ratio -114.6% → 1814.9%). Calculated
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↑
Cash rose
Bank deposits 17.8k NOK → 584.3k NOK (+3175.8% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.35× → 1.19×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 415.3k NOK to 115.5k NOK (-72.2% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 29.2k NOK → 13.6k NOK (-53.5% YoY). Calculated