ADEPTA AS: årsregnskap 2020 vs 2019
Shrank 12% on revenue, weaker earnings
approved 2021-04-27; registry 2021-05-25; journal 2021 315945
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADEPTA AS. Revenue 733.5k NOK → 645.6k NOK (-12.0%). Net result +96.0k NOK → +69.2k NOK. Equity 335.4k NOK → 10.40m NOK.
On the constructive side: operating result improved; equity strengthened; cash rose. Pressures included: revenue fell; net result weakened; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADEPTA AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +18.2k NOK → +35.1k NOK (op. margin 2.5% → 5.4%). Calculated
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↑
Equity strengthened
Book equity 335.4k NOK → 10.40m NOK (equity ratio 61.8% → 1627.2%). Calculated
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↑
Cash rose
Bank deposits 325.1k NOK → 511.6k NOK (+57.3% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 733.5k NOK to 645.6k NOK (-12.0% YoY). Calculated
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↓
Net result weakened
Net result +96.0k NOK → +69.2k NOK (net margin 13.1% → 10.7%). Calculated
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↓
Payroll up without matching revenue
Salary cost 182.6k NOK → 289.4k NOK (25% → 45% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 426.7k NOK → 212.4k NOK (-50.2% YoY). Calculated