ADFUNC AS: årsregnskap 2020 vs 2019
Shrank 84% on revenue, slipped into loss
approved 2021-05-29; registry 2021-06-01; journal 2021 365296
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADFUNC AS. Revenue 274.6k NOK → 44.0k NOK (-84.0%). Net result +97.4k NOK → -225.7k NOK. Equity 14.67m NOK → 13.45m NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADFUNC AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 71.5k NOK → 153.6k NOK (+114.8% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 274.6k NOK to 44.0k NOK (-84.0% YoY). Calculated
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↓
Operating result weakened
Operating result +31.4k NOK → -253.2k NOK (op. margin 11.5% → -575.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 97.4k NOK profit to a loss of 225.7k NOK. Calculated
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↓
Equity eroded
Book equity 14.67m NOK → 13.45m NOK (equity ratio 1767.4% → 2366.3%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 90.0k NOK → 72.9k NOK. Reported fact