ADD ENERGY GROUP AS: årsregnskap 2020 vs 2019
Shrank 11% on revenue, returned to profit
approved 2021-12-16; registry 2021-12-22; journal 2021 903279
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADD ENERGY GROUP AS. Revenue 6.56m NOK → 5.84m NOK (-10.9%). Net result -8.12m NOK → +46.85m NOK. Equity 98.53m NOK → 145.38m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADD ENERGY GROUP AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -8.77m NOK → -7.21m NOK (op. margin -133.8% → -123.4%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 8.12m NOK to a profit of 46.85m NOK. Calculated
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↑
Equity strengthened
Book equity 98.53m NOK → 145.38m NOK (equity ratio 47.9% → 69478.2%). Calculated
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↑
Payroll decreased
Salary cost 143.02m NOK → 14.13m NOK (2181% → 242% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.56m NOK to 5.84m NOK (-10.9% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 907.0k NOK → 20 NOK (-100.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 203.0k NOK → 208.0k NOK. Reported fact