ADCO EIENDOMMER AS: årsregnskap 2020 vs 2019
Stronger earnings
approved 2021-07-09; registry 2021-08-14; journal 2021 609814
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADCO EIENDOMMER AS. Revenue 2.70m NOK → 2.70m NOK (-0.0%). Net result +141.1k NOK → +191.0k NOK. Equity 5.53m NOK → 5.28m NOK.
On the constructive side: net result improved; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADCO EIENDOMMER AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +141.1k NOK → +191.0k NOK (net margin 5.2% → 7.1%). Calculated
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↑
Cash rose
Bank deposits 126.4k NOK → 711.4k NOK (+463.0% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.11m NOK → 111.7k NOK (78% → 4% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.70m NOK to 2.70m NOK (-0.0% YoY). Calculated
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↓
Operating result weakened
Operating result +759.2k NOK → +733.7k NOK (op. margin 28.1% → 27.2%). Calculated
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↓
Equity eroded
Book equity 5.53m NOK → 5.28m NOK (equity ratio 23.4% → 22.2%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 148.6k NOK → 130.8k NOK (-12.0% YoY). Calculated