ADEK AS: årsregnskap 2020 vs 2019
Returned to profit
approved 2021-06-15; registry 2021-07-07; journal 2021 463029
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADEK AS. Revenue 3.47m NOK → 3.41m NOK (-1.6%). Net result -146.3k NOK → +491.7k NOK.
On the constructive side: operating result improved; turned profitable; cash rose. Pressures included: revenue fell; current ratio dropped below 1×; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADEK AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -139.6k NOK → +502.1k NOK (op. margin -4.0% → 14.7%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 146.3k NOK to a profit of 491.7k NOK. Calculated
-
↑
Cash rose
Bank deposits 357.8k NOK → 460.3k NOK (+28.7% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 3.47m NOK to 3.41m NOK (-1.6% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.88× → 0.85× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
Payroll up without matching revenue
Salary cost 1 NOK → 1.11m NOK (0% → 32% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.42m NOK → 1.17m NOK (-17.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 0 NOK → 2 671 NOK. Reported fact