ADAPTI AS: årsregnskap 2020 vs 2019
Shrank 14% on revenue, weaker earnings, cash halved-plus
approved 2021-08-27; registry 2021-09-30; journal 2021 754607
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADAPTI AS. Revenue 23.48m NOK → 20.24m NOK (-13.8%). Net result +860.1k NOK → +116.3k NOK. Equity 1 110 NOK → 4.53m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADAPTI AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 1 110 NOK → 4.53m NOK (equity ratio 0.0% → 91.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 23.48m NOK to 20.24m NOK (-13.8% YoY). Calculated
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↓
Operating result weakened
Operating result +1.15m NOK → +380.8k NOK (op. margin 4.9% → 1.9%). Calculated
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↓
Net result weakened
Net result +860.1k NOK → +116.3k NOK (net margin 3.7% → 0.6%). Calculated
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↓
Cash fell
Bank deposits 1.64m NOK → 316.7k NOK (-80.7% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 5.16m NOK → 5.43m NOK (22% → 27% of revenue). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.64m NOK → 316.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 15.72m NOK → 13.11m NOK (-16.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 110.4k NOK → 290.4k NOK. Reported fact