Org.nr 979 994 877 2019 → 2020 Year-over-year analysis

ADDENDA CONSULT AS: årsregnskap 2020 vs 2019

Shrank 18% on revenue

approved 2021-03-05; registry 2021-03-24; journal 2021 165355

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADDENDA CONSULT AS. Revenue 4.04m NOK → 3.29m NOK (-18.5%). Equity 1.88m NOK → 3.01m NOK.

On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; payroll up without matching revenue.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADDENDA CONSULT AS.

At a glance

Revenue

4.04m NOK 3.29m NOK

-18.5%

Operating result

n/m +1.42m NOK

—

Net result

n/m +1.12m NOK

—

Equity

1.88m NOK 3.01m NOK

+59.6%

Cash

1.35m NOK 2.99m NOK

+121.2%

Total assets

3.65m NOK 3.80m NOK

+4.3%

↑
Equity strengthened

Book equity 1.88m NOK → 3.01m NOK (equity ratio 51.7% → 79.1%). Calculated
↑
Cash rose

Bank deposits 1.35m NOK → 2.99m NOK (+121.2% YoY). Calculated

↓
Revenue fell

Operating income / revenue moved from 4.04m NOK to 3.29m NOK (-18.5% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 3 NOK → 1.29m NOK (0% → 39% of revenue). Calculated

·
COGS fell

COGS / varekostnad 5 500 NOK → -1 000 NOK (-118.2% YoY). Calculated