ADIGO MEKATRONIKK AS: årsregnskap 2020 vs 2019
Stronger earnings, cash halved-plus
approved 2021-06-11; registry 2021-06-30; journal 2021 422683
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADIGO MEKATRONIKK AS. Revenue 30.76m NOK → 31.87m NOK (+3.6%). Net result +1.37m NOK → +2.01m NOK. Equity 8.51m NOK → 7.41m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for ADIGO MEKATRONIKK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 30.76m NOK to 31.87m NOK (+3.6% YoY). Calculated
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↑
Operating result improved
Operating result +269.9k NOK → +3.15m NOK (op. margin 0.9% → 9.9%). Calculated
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↑
Net result improved
Net result +1.37m NOK → +2.01m NOK (net margin 4.5% → 6.3%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 8.51m NOK → 7.41m NOK (equity ratio 36.0% → 39.9%). Calculated
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↓
Cash fell
Bank deposits 3.88m NOK → 1.04m NOK (-73.3% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.88m NOK → 1.04m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 3.14m NOK → 710.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 8.38m NOK → 13.55m NOK (27% → 43% of revenue). Calculated
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COGS fell
COGS / varekostnad 11.78m NOK → 10.78m NOK (-8.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 525.9k NOK → 501.9k NOK. Reported fact