ADECCO BUSINESS SOLUTIONS AS: årsregnskap 2020 vs 2019
Grew 185727% on revenue, slipped into loss, cash halved-plus
approved 2021-05-28; registry 2021-06-26; journal 2021 400445
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADECCO BUSINESS SOLUTIONS AS. Revenue 12.4k NOK → 23.03m NOK (+185726.6%). Net result +446.4k NOK → -414.8k NOK. Equity 3.68m NOK → 1.57m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for ADECCO BUSINESS SOLUTIONS AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 12.4k NOK to 23.03m NOK (+185726.6% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +569.1k NOK → -405.8k NOK (op. margin 4591.0% → -1.8%). Calculated
-
↓
Fell into a net loss
Net result flipped from 446.4k NOK profit to a loss of 414.8k NOK. Calculated
-
↓
Equity eroded
Book equity 3.68m NOK → 1.57m NOK (equity ratio 78.6% → 20.1%). Calculated
-
↓
Cash fell
Bank deposits 921.6k NOK → 5 914 NOK (-99.4% YoY). Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 680.0k NOK → 565.2k NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Payroll increased
Salary cost 10.3k NOK → 18.06m NOK (83% → 78% of revenue). Calculated