ADDITECH AS: årsregnskap 2020 vs 2019
Grew 1077% on revenue, returned to profit
approved 2021-04-22; registry 2021-06-03; journal 2021 383144
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADDITECH AS. Revenue 91 NOK → 1 071 NOK (+1076.9%). Net result -4 167 NOK → +3.23m NOK. Equity 25.8k NOK → 3.25m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADDITECH AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 91 NOK to 1 071 NOK (+1076.9% YoY). Calculated
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Operating result improved
Operating result -5 445 NOK → +289.7k NOK (op. margin -5983.5% → 27053.6%). Calculated
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Turned profitable
Net result flipped from a loss of 4 167 NOK to a profit of 3.23m NOK. Calculated
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Equity strengthened
Book equity 25.8k NOK → 3.25m NOK (equity ratio 0.4% → 28.9%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 7.12m NOK → 6.51m NOK (-8.6% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 982.71× → 0.62× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 1 NOK → 7 230 NOK (1% → 675% of revenue). Calculated