ADEKVAT VVS AS: årsregnskap 2020 vs 2019
Grew 101098% on revenue, returned to profit
approved 2021-08-20; registry 2021-10-23; journal 2021 852868
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADEKVAT VVS AS. Revenue 5 852 NOK → 5.92m NOK (+101098.3%). Net result -41.3k NOK → +693.4k NOK. Equity 573.3k NOK → 10 NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADEKVAT VVS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5 852 NOK to 5.92m NOK (+101098.3% YoY). Calculated
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↑
Operating result improved
Operating result -37.2k NOK → +898.0k NOK (op. margin -635.3% → 15.2%). Calculated
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Turned profitable
Net result flipped from a loss of 41.3k NOK to a profit of 693.4k NOK. Calculated
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↑
Cash rose
Bank deposits 723.2k NOK → 863.4k NOK (+19.4% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 573.3k NOK → 10 NOK (equity ratio 44.5% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 2.20m NOK → 1.47m NOK (-33.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 27.2k NOK → 44.7k NOK. Reported fact