ADFORM NORWAY AS: årsregnskap 2020 vs 2019
Shrank 31% on revenue, stronger earnings, cash halved-plus
approved 2021-06-07; registry 2021-07-05; journal 2021 444814
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADFORM NORWAY AS. Revenue 11.86m NOK → 8.16m NOK (-31.2%). Net result +270.6k NOK → +402.3k NOK. Equity 398.9k NOK → 530.6k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +461.2k NOK → +555.5k NOK (op. margin 3.9% → 6.8%). Calculated
-
↑
Net result improved
Net result +270.6k NOK → +402.3k NOK (net margin 2.3% → 4.9%). Calculated
-
↑
Equity strengthened
Book equity 398.9k NOK → 530.6k NOK (equity ratio 16.0% → 20.6%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 11.86m NOK to 8.16m NOK (-31.2% YoY). Calculated
-
↓
Cash fell
Bank deposits 342.2k NOK → 81.3k NOK (-76.2% YoY). Calculated