FirmaIQ
Org.nr 996 658 821 2019 → 2020 Year-over-year analysis

ADEPT CONCEPT AS: årsregnskap 2020 vs 2019

Weaker earnings, cash halved-plus

registry 2021-10-23; journal 2021 859410

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADEPT CONCEPT AS. Revenue 6.44m NOK → 6.21m NOK (-3.6%). Net result +1.68m NOK → +173.3k NOK. Equity 102.6k NOK → 275.8k NOK.

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

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
6.44m NOK 6.21m NOK
-3.6%
Operating result
+786.5k NOK +147.7k NOK
-81.2%
Net result
+1.68m NOK +173.3k NOK
-89.7%
Equity
102.6k NOK 275.8k NOK
+168.9%
Cash
546.5k NOK 221.4k NOK
-59.5%
Total assets
6.19m NOK 4.98m NOK
-19.6%

What improved

  • ↑

    Equity strengthened

    Book equity 102.6k NOK → 275.8k NOK (equity ratio 1.7% → 5.5%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 6.44m NOK to 6.21m NOK (-3.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +786.5k NOK → +147.7k NOK (op. margin 12.2% → 2.4%). Calculated

  • ↓

    Net result weakened

    Net result +1.68m NOK → +173.3k NOK (net margin 26.1% → 2.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 546.5k NOK → 221.4k NOK (-59.5% YoY). Calculated