ADAPTIVE FROG AS: årsregnskap 2020 vs 2019
Shrank 29% on revenue, stronger earnings
approved 2021-05-24; registry 2021-05-27; journal 2021 327887
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADAPTIVE FROG AS. Revenue 501.7k NOK → 354.4k NOK (-29.4%). Net result +142.1k NOK → +351.1k NOK. Equity 12.31m NOK → 12.66m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cogs moved.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +182.0k NOK → +450.2k NOK (op. margin 36.3% → 127.0%). Calculated
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Net result improved
Net result +142.1k NOK → +351.1k NOK (net margin 28.3% → 99.1%). Calculated
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Equity strengthened
Book equity 12.31m NOK → 12.66m NOK (equity ratio 2094.2% → 1287.4%). Calculated
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Cash rose
Bank deposits 479.9k NOK → 682.5k NOK (+42.2% YoY). Calculated
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Payroll decreased
Salary cost 5857.39bn NOK → 4 NOK (1167505208% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 501.7k NOK to 354.4k NOK (-29.4% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 0 NOK → 15.1k NOK (None YoY). Calculated