ADEA HJEMMEHJELP AS: årsregnskap 2020 vs 2019
Shrank 8% on revenue
approved 2021-04-26; registry 2021-04-28; journal 2021 237063
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADEA HJEMMEHJELP AS. Revenue 2.84m NOK → 2.61m NOK (-8.1%). Net result +160.8k NOK → +133.1k NOK. Equity 37.4k NOK → 36.9k NOK.
On the constructive side: cash rose; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADEA HJEMMEHJELP AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 258.3k NOK → 340.3k NOK (+31.8% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.83× → 1.01×. Calculated
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↑
Payroll decreased
Salary cost 2.43m NOK → 2.24m NOK (86% → 86% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.84m NOK to 2.61m NOK (-8.1% YoY). Calculated
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↓
Operating result weakened
Operating result +208.5k NOK → +170.3k NOK (op. margin 7.3% → 6.5%). Calculated
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↓
Net result weakened
Net result +160.8k NOK → +133.1k NOK (net margin 5.7% → 5.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 139.8k NOK → 83.0k NOK. Reported fact