FirmaIQ
Org.nr 980 817 970 2019 → 2020 Year-over-year analysis

ADDISCO AS: årsregnskap 2020 vs 2019

Shrank 12% on revenue, stronger earnings

approved 2021-04-22; registry 2021-08-14; journal 2021 613352

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADDISCO AS. Revenue 23.20m NOK → 20.53m NOK (-11.5%). Net result +44.5k NOK → +6.65m NOK. Equity 11.80m NOK → 12.45m NOK.

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

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

At a glance

Scorecard

Revenue
23.20m NOK 20.53m NOK
-11.5%
Operating result
+1.18m NOK +786.5k NOK
-33.5%
Net result
+44.5k NOK +6.65m NOK
+14854.2%
Equity
11.80m NOK 12.45m NOK
+5.5%
Cash
11.87m NOK 13.53m NOK
+13.9%
Total assets
13.72m NOK 14.84m NOK
+8.2%

What improved

  • ↑

    Net result improved

    Net result +44.5k NOK → +6.65m NOK (net margin 0.2% → 32.4%). Calculated

  • ↑

    Equity strengthened

    Book equity 11.80m NOK → 12.45m NOK (equity ratio 86.0% → 83.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 11.87m NOK → 13.53m NOK (+13.9% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 23.20m NOK to 20.53m NOK (-11.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +1.18m NOK → +786.5k NOK (op. margin 5.1% → 3.8%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 17.97m NOK → 16.48m NOK (-8.3% YoY). Calculated