ADD MEDIA AS: årsregnskap 2020 vs 2019
Grew 105% on revenue, slipped into loss
approved 2021-06-25; registry 2021-07-07; journal 2021 540935
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADD MEDIA AS. Revenue 780.4k NOK → 1.60m NOK (+105.0%). Net result +245.2k NOK → -1.96m NOK. Equity 847.5k NOK → 2.89m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; fell into a net loss; cash fell.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADD MEDIA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 780.4k NOK to 1.60m NOK (+105.0% YoY). Calculated
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↑
Equity strengthened
Book equity 847.5k NOK → 2.89m NOK (equity ratio 16.3% → 95.3%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -169.1k NOK → -199.2k NOK (op. margin -21.7% → -12.5%). Calculated
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↓
Fell into a net loss
Net result flipped from 245.2k NOK profit to a loss of 1.96m NOK. Calculated
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↓
Cash fell
Bank deposits 1.35m NOK → 1.26m NOK (-6.5% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 415.3k NOK → 490.7k NOK (53% → 31% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 1.25m NOK → 1.15m NOK (-8.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 6 405 NOK → 405.2k NOK. Reported fact