FirmaIQ
Org.nr 983 791 417 2019 → 2020 Year-over-year analysis

ADIANTE AS: årsregnskap 2020 vs 2019

Slipped into loss

approved 2021-11-10; registry 2021-11-22; journal 2021 898864

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADIANTE AS. Revenue 46.7k NOK → 46.7k NOK (0.0%). Net result +1.28m NOK → -24.2k NOK. Equity 7.08m NOK → 7.06m NOK.

On the constructive side: operating result improved; payroll decreased. Pressures included: fell into a net loss; equity eroded; cash fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADIANTE AS.

At a glance

Scorecard

Revenue
46.7k NOK 46.7k NOK
0.0%
Operating result
-171.4k NOK -123.1k NOK
+28.2%
Net result
+1.28m NOK -24.2k NOK
-101.9%
Equity
7.08m NOK 7.06m NOK
-0.3%
Cash
485.7k NOK 392.1k NOK
-19.3%
Total assets
8.58m NOK 8.48m NOK
-1.1%

What improved

  • ↑

    Operating result improved

    Operating result -171.4k NOK → -123.1k NOK (op. margin -367.1% → -263.6%). Calculated

  • ↑

    Payroll decreased

    Salary cost 13.8k NOK → 2 619 NOK (30% → 6% of revenue). Calculated

What deteriorated

  • ↓

    Fell into a net loss

    Net result flipped from 1.28m NOK profit to a loss of 24.2k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 7.08m NOK → 7.06m NOK (equity ratio 82.6% → 83.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 485.7k NOK → 392.1k NOK (-19.3% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 624.4k NOK → 4 500 NOK. Reported fact