ADECCO SOLUTIONS AS: årsregnskap 2020 vs 2019
Grew 77671% on revenue, weaker earnings, cash halved-plus
approved 2021-05-28; registry 2021-06-26; journal 2021 400437
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADECCO SOLUTIONS AS. Revenue 974.3k NOK → 757.74m NOK (+77671.2%). Net result +2.77m NOK → +1.06m NOK. Equity 86.34m NOK → 62.34m NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for ADECCO SOLUTIONS AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 974.3k NOK to 757.74m NOK (+77671.2% YoY). Calculated
-
↑
Payroll decreased
Salary cost 5.78m NOK → 5.61m NOK (593% → 1% of revenue). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +1.11m NOK → +492.0k NOK (op. margin 113.7% → 0.1%). Calculated
-
↓
Net result weakened
Net result +2.77m NOK → +1.06m NOK (net margin 284.6% → 0.1%). Calculated
-
↓
Equity eroded
Book equity 86.34m NOK → 62.34m NOK (equity ratio 26445.7% → 22.4%). Calculated
-
↓
Cash fell
Bank deposits 115.40m NOK → 167.2k NOK (-99.9% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (115.40m NOK → 167.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 86.34m NOK → 62.34m NOK — check capital reduction, conversion, or reclassification. Interpretation