ADD-ON AS: årsregnskap 2020 vs 2019
Stronger earnings
approved 2021-07-27; registry 2021-09-29; journal 2021 752009
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADD-ON AS. Revenue 11.02m NOK → 10.95m NOK (-0.7%). Net result +219.9k NOK → +606.5k NOK. Equity 3.04m NOK → 2.84m NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADD-ON AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +219.9k NOK → +606.5k NOK (net margin 2.0% → 5.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 11.02m NOK to 10.95m NOK (-0.7% YoY). Calculated
-
↓
Operating result weakened
Operating result +498.8k NOK → +79.9k NOK (op. margin 4.5% → 0.7%). Calculated
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↓
Equity eroded
Book equity 3.04m NOK → 2.84m NOK (equity ratio 42.7% → 37.7%). Calculated
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↓
Cash fell
Bank deposits 2.93m NOK → 2.45m NOK (-16.7% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.63m NOK → 3.86m NOK (15% → 35% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 8.32m NOK → 7.57m NOK (-9.0% YoY). Calculated