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Org.nr 811 673 862 2019 → 2020 Year-over-year analysis

ADELIN AS: årsregnskap 2020 vs 2019

Stronger earnings, cash halved-plus

approved 2021-04-12; registry 2021-04-21; journal 2021 201149

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADELIN AS. Revenue 6.94m NOK → 6.88m NOK (-0.8%). Net result +63.1k NOK → +273.1k NOK. Equity 1.46m NOK → 1.74m NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADELIN AS.

At a glance

Scorecard

Revenue
6.94m NOK 6.88m NOK
-0.8%
Operating result
+71.6k NOK +285.4k NOK
+298.8%
Net result
+63.1k NOK +273.1k NOK
+332.5%
Equity
1.46m NOK 1.74m NOK
+18.7%
Cash
190.1k NOK 67.5k NOK
-64.5%
Total assets
2.69m NOK 3.07m NOK
+13.9%

What improved

  • ↑

    Operating result improved

    Operating result +71.6k NOK → +285.4k NOK (op. margin 1.0% → 4.1%). Calculated

  • ↑

    Net result improved

    Net result +63.1k NOK → +273.1k NOK (net margin 0.9% → 4.0%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.46m NOK → 1.74m NOK (equity ratio 54.3% → 56.6%). Calculated

  • ↑

    Payroll decreased

    Salary cost 2.33m NOK → 2.07m NOK (34% → 30% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 6.94m NOK to 6.88m NOK (-0.8% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 190.1k NOK → 67.5k NOK (-64.5% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 3.65m NOK → 3.62m NOK (-0.8% YoY). Calculated