FirmaIQ
Org.nr 981 043 111 2019 → 2020 Year-over-year analysis

ADCO AS: årsregnskap 2020 vs 2019

Grew 151% on revenue, stronger earnings

approved 2021-08-20; registry 2021-08-30; journal 2021 689840

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADCO AS. Revenue 109.3k NOK → 274.1k NOK (+150.6%). Net result +82.2k NOK → +1.45m NOK. Equity 1.20m NOK → 2.44m NOK.

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

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADCO AS.

At a glance

Scorecard

Revenue
109.3k NOK 274.1k NOK
+150.6%
Operating result
+97.0k NOK +257.5k NOK
+165.5%
Net result
+82.2k NOK +1.45m NOK
+1661.1%
Equity
1.20m NOK 2.44m NOK
+103.3%
Cash
127.8k NOK 167.6k NOK
+31.1%
Total assets
1.64m NOK 2.77m NOK
+68.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 109.3k NOK to 274.1k NOK (+150.6% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +97.0k NOK → +257.5k NOK (op. margin 88.7% → 94.0%). Calculated

  • ↑

    Net result improved

    Net result +82.2k NOK → +1.45m NOK (net margin 75.2% → 528.1%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.20m NOK → 2.44m NOK (equity ratio 73.0% → 88.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 127.8k NOK → 167.6k NOK (+31.1% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 1.51m NOK → 1.56m NOK. Reported fact