FirmaIQ
Org.nr 983 847 412 2019 → 2020 Year-over-year analysis

ADCARE AS: årsregnskap 2020 vs 2019

Grew 6% on revenue, stronger earnings

approved 2021-06-23; registry 2021-07-21; journal 2021 519248

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADCARE AS. Revenue 39.00m NOK → 41.48m NOK (+6.4%). Net result +1.04m NOK → +4.22m NOK. Equity 1.49m NOK → 4.72m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.

Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADCARE AS.

At a glance

Scorecard

Revenue
39.00m NOK 41.48m NOK
+6.4%
Operating result
+1.53m NOK +4.75m NOK
+210.5%
Net result
+1.04m NOK +4.22m NOK
+304.5%
Equity
1.49m NOK 4.72m NOK
+215.8%
Cash
357.7k NOK 347.2k NOK
-2.9%
Total assets
14.59m NOK 15.57m NOK
+6.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 39.00m NOK to 41.48m NOK (+6.4% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1.53m NOK → +4.75m NOK (op. margin 3.9% → 11.5%). Calculated

  • ↑

    Net result improved

    Net result +1.04m NOK → +4.22m NOK (net margin 2.7% → 10.2%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.49m NOK → 4.72m NOK (equity ratio 10.2% → 30.3%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 357.7k NOK → 347.2k NOK (-2.9% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 7.99m NOK → 8.56m NOK (20% → 21% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 22.13m NOK → 21.01m NOK (-5.1% YoY). Calculated