ADBM AS: årsregnskap 2020 vs 2019
Grew 21% on revenue, stronger earnings, cash halved-plus
approved 2021-06-22; registry 2021-06-24; journal 2021 469575
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADBM AS. Revenue 282.6k NOK → 341.9k NOK (+21.0%). Net result +92.6k NOK → +136.8k NOK. Equity 122.6k NOK → 59.4k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ADBM AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 282.6k NOK to 341.9k NOK (+21.0% YoY). Calculated
-
↑
Operating result improved
Operating result +118.8k NOK → +175.6k NOK (op. margin 42.0% → 51.3%). Calculated
-
↑
Net result improved
Net result +92.6k NOK → +136.8k NOK (net margin 32.8% → 40.0%). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 122.6k NOK → 59.4k NOK (equity ratio 62.2% → 58.7%). Calculated
-
↓
Cash fell
Bank deposits 24.6k NOK → 8 019 NOK (-67.4% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.78× → 0.23× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Payroll increased
Salary cost 1 136 NOK → 136.9k NOK (0% → 40% of revenue). Calculated
-
·
Book investments changed
Investment / intangible book value 22.8k NOK → 61.0k NOK. Reported fact