FirmaIQ
Org.nr 921 056 427 2019 → 2020 Year-over-year analysis

ADDO LOGISTIKK AS: årsregnskap 2020 vs 2019

Grew 51% on revenue, stronger earnings

approved 2021-03-08; registry 2021-03-11; journal 2021 142821

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADDO LOGISTIKK AS. Revenue 16.41m NOK → 24.75m NOK (+50.9%). Net result +551.2k NOK → +1.39m NOK. Equity 872.4k NOK → 258.0k NOK.

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

Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADDO LOGISTIKK AS.

At a glance

Scorecard

Revenue
16.41m NOK 24.75m NOK
+50.9%
Operating result
+707.7k NOK +1 776 NOK
-99.7%
Net result
+551.2k NOK +1.39m NOK
+151.4%
Equity
872.4k NOK 258.0k NOK
-70.4%
Cash
238.9k NOK 3.28m NOK
+1271.1%
Total assets
3.37m NOK 6.28m NOK
+86.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 16.41m NOK to 24.75m NOK (+50.9% YoY). Calculated

  • ↑

    Net result improved

    Net result +551.2k NOK → +1.39m NOK (net margin 3.4% → 5.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 238.9k NOK → 3.28m NOK (+1271.1% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +707.7k NOK → +1 776 NOK (op. margin 4.3% → 0.0%). Calculated

  • ↓

    Equity eroded

    Book equity 872.4k NOK → 258.0k NOK (equity ratio 25.9% → 4.1%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 4.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 2.92m NOK → 3.41m NOK (18% → 14% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 12.32m NOK → 18.95m NOK (+53.8% YoY). Calculated