FirmaIQ
Org.nr 980 119 548 2019 → 2020 Year-over-year analysis

ADDEND AS: årsregnskap 2020 vs 2019

Weaker earnings, cash halved-plus

approved 2021-04-04; registry 2021-04-10; journal 2021 192170

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADDEND AS. Revenue 378.0k NOK → 378.0k NOK (0.0%). Net result +522.3k NOK → +293.0k NOK. Equity 3.70m NOK → 3.99m NOK.

On the constructive side: equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADDEND AS.

At a glance

Scorecard

Revenue
378.0k NOK 378.0k NOK
0.0%
Operating result
-37.8k NOK -38.4k NOK
-1.6%
Net result
+522.3k NOK +293.0k NOK
-43.9%
Equity
3.70m NOK 3.99m NOK
+7.9%
Cash
177.8k NOK 8 804 NOK
-95.0%
Total assets
3.79m NOK 4.08m NOK
+7.7%

What improved

  • ↑

    Equity strengthened

    Book equity 3.70m NOK → 3.99m NOK (equity ratio 97.5% → 97.7%). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -37.8k NOK → -38.4k NOK (op. margin -10.0% → -10.2%). Calculated

  • ↓

    Net result weakened

    Net result +522.3k NOK → +293.0k NOK (net margin 138.2% → 77.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 177.8k NOK → 8 804 NOK (-95.0% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 3.13m NOK → 3.43m NOK. Reported fact