ADELSMANN AS: årsregnskap 2020 vs 2019
Grew 18% on revenue, weaker earnings
approved 2021-08-02; registry 2021-08-12; journal 2021 609120
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADELSMANN AS. Revenue 7.32m NOK → 8.63m NOK (+17.9%). Net result +140.5k NOK → +60.9k NOK. Equity 1.92m NOK → 1.98m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADELSMANN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.32m NOK to 8.63m NOK (+17.9% YoY). Calculated
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↑
Equity strengthened
Book equity 1.92m NOK → 1.98m NOK. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +197.3k NOK → +123.4k NOK (op. margin 2.7% → 1.4%). Calculated
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↓
Net result weakened
Net result +140.5k NOK → +60.9k NOK (net margin 1.9% → 0.7%). Calculated
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↓
Cash fell
Bank deposits 730.3k NOK → 717.3k NOK (-1.8% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.01m NOK → 2.40m NOK (28% → 28% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 3.54m NOK → 4.14m NOK (+17.2% YoY). Calculated