ADETA AS: årsregnskap 2020 vs 2019
Grew 11% on revenue, stronger earnings
approved 2021-06-30; registry 2021-08-30; journal 2021 698326
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADETA AS. Revenue 4.78m NOK → 5.29m NOK (+10.8%). Net result +101.5k NOK → +410.7k NOK. Equity 56.2k NOK → 806.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for ADETA AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 4.78m NOK to 5.29m NOK (+10.8% YoY). Calculated
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Operating result improved
Operating result +149.1k NOK → +541.7k NOK (op. margin 3.1% → 10.2%). Calculated
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Net result improved
Net result +101.5k NOK → +410.7k NOK (net margin 2.1% → 7.8%). Calculated
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Equity strengthened
Book equity 56.2k NOK → 806.9k NOK (equity ratio 2.5% → 30.1%). Calculated
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Payroll decreased
Salary cost 688.9k NOK → 590.9k NOK (14% → 11% of revenue). Calculated
What deteriorated
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Cash fell
Bank deposits 953.2k NOK → 548.2k NOK (-42.5% YoY). Calculated
Things to notice
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COGS moved
COGS / varekostnad 3.44m NOK → 3.75m NOK (+9.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 116.2k NOK → 73.2k NOK. Reported fact