FirmaIQ
Org.nr 923 865 578 2019 → 2020 Year-over-year analysis

ADAVA HOLDING AS: årsregnskap 2020 vs 2019

Grew 562% on revenue, returned to profit

approved 2021-06-04; registry 2021-08-23; journal 2021 659826

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADAVA HOLDING AS. Revenue 502 NOK → 3 325 NOK (+562.4%). Net result -4 343 NOK → +1.50m NOK. Equity 25.7k NOK → 1.33m NOK.

On the constructive side: revenue rose; operating result improved; turned profitable.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
502 NOK 3 325 NOK
+562.4%
Operating result
-5 570 NOK +1.93m NOK
+34673.6%
Net result
-4 343 NOK +1.50m NOK
+34683.4%
Equity
25.7k NOK 1.33m NOK
+5074.5%
Cash
24.4k NOK 1.71m NOK
+6880.1%
Total assets
25.7k NOK 2.19m NOK
+8435.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 502 NOK to 3 325 NOK (+562.4% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -5 570 NOK → +1.93m NOK (op. margin -1109.6% → 57917.3%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 4 343 NOK to a profit of 1.50m NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 25.7k NOK → 1.33m NOK (equity ratio 100.0% → 60.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 24.4k NOK → 1.71m NOK (+6880.1% YoY). Calculated