FirmaIQ
Org.nr 992 564 113 2019 → 2020 Year-over-year analysis

ADDOVATION AS: årsregnskap 2020 vs 2019

Stronger earnings

approved 2021-06-11; registry 2021-10-07; journal 2021 778321

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADDOVATION AS. Revenue 57.74m NOK → 56.53m NOK (-2.1%). Net result +5.48m NOK → +7.89m NOK. Equity 16.47m NOK → 15.36m NOK.

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

Mixed year — gains and pressures both show up.

At a glance

Scorecard

Revenue
57.74m NOK 56.53m NOK
-2.1%
Operating result
+7.19m NOK +2.74m NOK
-61.9%
Net result
+5.48m NOK +7.89m NOK
+44.0%
Equity
16.47m NOK 15.36m NOK
-6.7%
Cash
9.45m NOK 15.25m NOK
+61.5%
Total assets
31.21m NOK 32.74m NOK
+4.9%

What improved

  • ↑

    Net result improved

    Net result +5.48m NOK → +7.89m NOK (net margin 9.5% → 14.0%). Calculated

  • ↑

    Cash rose

    Bank deposits 9.45m NOK → 15.25m NOK (+61.5% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 58.98m NOK → 3.19m NOK (102% → 6% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 57.74m NOK to 56.53m NOK (-2.1% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +7.19m NOK → +2.74m NOK (op. margin 12.5% → 4.8%). Calculated

  • ↓

    Equity eroded

    Book equity 16.47m NOK → 15.36m NOK (equity ratio 52.8% → 46.9%). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 13.81m NOK → 15.31m NOK (+10.9% YoY). Calculated