ADIK AS: årsregnskap 2020 vs 2019
Grew 100% on revenue, weaker earnings, cash halved-plus
approved 2022-01-19; registry 2022-02-17; journal 2022 117134
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADIK AS. Revenue -300 NOK → 0 NOK (+100.0%). Net result -2 012 NOK → -2.02m NOK. Equity -1.54m NOK → -3.55m NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADIK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from -300 NOK to 0 NOK (+100.0% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio -30.45× → 7.51×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result -35.7k NOK → -1.22m NOK. Calculated
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↓
Net result weakened
Net result -2 012 NOK → -2.02m NOK. Calculated
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↓
Equity eroded
Book equity -1.54m NOK → -3.55m NOK (equity ratio -32.4% → -112.0%). Calculated
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↓
Cash fell
Bank deposits 123.9k NOK → 33.6k NOK (-72.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -112.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 4.47m NOK → 3.14m NOK. Reported fact