ADF AS: årsregnskap 2020 vs 2019
Shrank 16% on revenue
approved 2021-04-30; registry 2021-05-04; journal 2021 257592
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADF AS. Revenue 2.00m NOK → 1.67m NOK (-16.3%). Net result +53.6k NOK → +48.2k NOK. Equity 204.0k NOK → 252.2k 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: book investments changed. All figures are taken from the published annual accounts for ADF AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +88.5k NOK → +92.8k NOK (op. margin 4.4% → 5.6%). Calculated
-
↑
Equity strengthened
Book equity 204.0k NOK → 252.2k NOK (equity ratio 53.5% → 19.1%). Calculated
-
↑
Cash rose
Bank deposits 39.1k NOK → 72.9k NOK (+86.7% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.00m NOK to 1.67m NOK (-16.3% YoY). Calculated
-
↓
Net result weakened
Net result +53.6k NOK → +48.2k NOK (net margin 2.7% → 2.9%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 1.24m NOK → 2.92m NOK (62% → 175% of revenue). Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 55.0k NOK → 60.6k NOK. Reported fact