FirmaIQ
Org.nr 992 122 110 2019 → 2020 Year-over-year analysis

ADAX NORGE AS: årsregnskap 2020 vs 2019

Shrank 38% on revenue, weaker earnings

approved 2021-08-31; registry 2021-10-20; journal 2021 841474

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADAX NORGE AS. Revenue 10.59m NOK → 6.52m NOK (-38.4%). Net result +381.5k NOK → +97.8k NOK. Equity 1 195 NOK → 1.29m NOK.

On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADAX NORGE AS.

At a glance

Scorecard

Revenue
10.59m NOK 6.52m NOK
-38.4%
Operating result
+479.2k NOK +144.4k NOK
-69.9%
Net result
+381.5k NOK +97.8k NOK
-74.4%
Equity
1 195 NOK 1.29m NOK
+108148.1%
Cash
24.9k NOK 20.2k NOK
-18.9%
Total assets
1.90m NOK 1.83m NOK
-3.8%

What improved

  • ↑

    Equity strengthened

    Book equity 1 195 NOK → 1.29m NOK (equity ratio 0.1% → 70.7%). Calculated

  • ↑

    Payroll decreased

    Salary cost 807.3k NOK → 613.0k NOK (8% → 9% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 10.59m NOK to 6.52m NOK (-38.4% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +479.2k NOK → +144.4k NOK (op. margin 4.5% → 2.2%). Calculated

  • ↓

    Net result weakened

    Net result +381.5k NOK → +97.8k NOK (net margin 3.6% → 1.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 24.9k NOK → 20.2k NOK (-18.9% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 7.36m NOK → 4.91m NOK (-33.3% YoY). Calculated