ADAPTIVA AS: årsregnskap 2020 vs 2019
Shrank 16% on revenue, weaker earnings, fresh owner capital
approved 2021-04-15; registry 2021-05-20; journal 2021 232701
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADAPTIVA AS. Revenue 6.80m NOK → 5.70m NOK (-16.2%). Net result +494.2k NOK → +126.6k NOK. Equity 13.94m NOK → 14 NOK.
On the constructive side: owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADAPTIVA AS.
At a glance
Scorecard
What improved
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↑
Owners injected capital
Paid-in equity rose 494.4k NOK → 619.4k NOK (+125.0k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.80m NOK to 5.70m NOK (-16.2% YoY). Calculated
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↓
Operating result weakened
Operating result +619.8k NOK → +127.5k NOK (op. margin 9.1% → 2.2%). Calculated
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↓
Net result weakened
Net result +494.2k NOK → +126.6k NOK (net margin 7.3% → 2.2%). Calculated
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↓
Equity eroded
Book equity 13.94m NOK → 14 NOK (equity ratio 560.9% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 945.0k NOK → 613.3k NOK (-35.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 1.17m NOK → 870.4k NOK (-25.5% YoY). Calculated
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Book investments changed
Investment / intangible book value 490.0k NOK → 679.2k NOK. Reported fact
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·
Headcount (årsverk) changed
Reported FTEs 5 → 7. Reported fact