ADAPTIVE MEASUREMENT SYSTEMS AS: årsregnskap 2020 vs 2019
Grew 655% on revenue, weaker earnings
approved 2021-05-29; registry 2021-06-17; journal 2021 438060
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADAPTIVE MEASUREMENT SYSTEMS AS. Revenue 11.7k NOK → 88.7k NOK (+655.2%). Net result +40.3k NOK → +17.4k NOK. Equity -156.1k NOK → -138.7k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ADAPTIVE MEASUREMENT SYSTEMS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 11.7k NOK to 88.7k NOK (+655.2% YoY). Calculated
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Operating result improved
Operating result -39.0k NOK → +18.4k NOK (op. margin -332.4% → 20.7%). Calculated
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Equity strengthened
Book equity -156.1k NOK → -138.7k NOK (equity ratio -123.8% → -146.6%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.98× → 1.20×. Calculated
What deteriorated
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↓
Net result weakened
Net result +40.3k NOK → +17.4k NOK (net margin 343.5% → 19.6%). Calculated
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Cash fell
Bank deposits 63.1k NOK → 41.1k NOK (-34.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -146.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 5 298 NOK → 38.2k NOK (+620.4% YoY). Calculated