ADEKO AS: årsregnskap 2020 vs 2019
Shrank 14% on revenue, returned to profit, cash halved-plus
registry 2021-10-16; journal 2021 820491
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADEKO AS. Revenue 7.20m NOK → 6.18m NOK (-14.3%). Net result -434.8k NOK → +404.3k NOK.
On the constructive side: operating result improved; turned profitable. Pressures included: revenue fell; cash fell.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for ADEKO AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -435.5k NOK → +401.9k NOK (op. margin -6.0% → 6.5%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 434.8k NOK to a profit of 404.3k NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.20m NOK to 6.18m NOK (-14.3% YoY). Calculated
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↓
Cash fell
Bank deposits 1.22m NOK → 221.5k NOK (-81.8% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.22m NOK → 221.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 6.52m NOK → 5.04m NOK (-22.7% YoY). Calculated