ADD VALUE AS: årsregnskap 2020 vs 2019
Shrank 16% on revenue, returned to profit
approved 2021-08-30; registry 2021-10-13; journal 2021 811259
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADD VALUE AS. Revenue 656.3k NOK → 552.0k NOK (-15.9%). Net result -8.65m NOK → +1.07m NOK. Equity 5.78m NOK → 6.55m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADD VALUE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -7.22m NOK → +118.4k NOK (op. margin -1100.4% → 21.5%). Calculated
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Turned profitable
Net result flipped from a loss of 8.65m NOK to a profit of 1.07m NOK. Calculated
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↑
Equity strengthened
Book equity 5.78m NOK → 6.55m NOK (equity ratio 56.0% → 62.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 656.3k NOK to 552.0k NOK (-15.9% YoY). Calculated
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Cash fell
Bank deposits 958.3k NOK → 558.8k NOK (-41.7% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 37.3k NOK → 47.8k NOK (6% → 9% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 9.20m NOK → 1.06m NOK. Reported fact