ADG MALING TAPET OG GULV AS: årsregnskap 2020 vs 2019
Shrank 7% on revenue, weaker earnings, cash halved-plus
approved 2021-04-18; registry 2021-04-21; journal 2021 214362
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADG MALING TAPET OG GULV AS. Revenue 5.39m NOK → 5.02m NOK (-6.9%). Net result +634.7k NOK → +363.5k NOK. Equity 610.3k NOK → 123.9k NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADG MALING TAPET OG GULV AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.33× → 8.44×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.39m NOK to 5.02m NOK (-6.9% YoY). Calculated
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↓
Operating result weakened
Operating result +845.5k NOK → +482.5k NOK (op. margin 15.7% → 9.6%). Calculated
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↓
Net result weakened
Net result +634.7k NOK → +363.5k NOK (net margin 11.8% → 7.2%). Calculated
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↓
Equity eroded
Book equity 610.3k NOK → 123.9k NOK (equity ratio 30.9% → 7.2%). Calculated
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↓
Cash fell
Bank deposits 948.1k NOK → 369.1k NOK (-61.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 2.28m NOK → 1.75m NOK (-23.3% YoY). Calculated