ADECCO INDUSTRI AS: årsregnskap 2020 vs 2019
Shrank 67% on revenue, slipped into loss, cash halved-plus
approved 2021-05-28; registry 2021-07-10; journal 2021 465981
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADECCO INDUSTRI AS. Revenue 34.52m NOK → 11.52m NOK (-66.6%). Net result +4.53m NOK → -743.0k NOK. Equity 11.81m NOK → 11.06m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for ADECCO INDUSTRI AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 20.17m NOK → 6.71m NOK (58% → 58% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 34.52m NOK to 11.52m NOK (-66.6% YoY). Calculated
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↓
Operating result weakened
Operating result +4.09m NOK → -660.0k NOK (op. margin 11.9% → -5.7%). Calculated
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↓
Fell into a net loss
Net result flipped from 4.53m NOK profit to a loss of 743.0k NOK. Calculated
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↓
Equity eroded
Book equity 11.81m NOK → 11.06m NOK (equity ratio 28.2% → 84.3%). Calculated
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↓
Cash fell
Bank deposits 38.99m NOK → 12.82m NOK (-67.1% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (38.99m NOK → 12.82m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 11.81m NOK → 11.06m NOK — check capital reduction, conversion, or reclassification. Interpretation