FirmaIQ
Org.nr 990 297 258 2019 → 2020 Year-over-year analysis

ADIMA ENERGY AS: årsregnskap 2020 vs 2019

Shrank 24% on revenue, weaker earnings, cash halved-plus

approved 2021-05-11; registry 2021-06-16; journal 2021 335463

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADIMA ENERGY AS. Revenue 87.25m NOK → 66.02m NOK (-24.3%). Net result +4.04m NOK → +1.64m NOK. Equity 2.82m NOK → 4.46m NOK.

On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADIMA ENERGY AS.

At a glance

Scorecard

Revenue
87.25m NOK 66.02m NOK
-24.3%
Operating result
+5.14m NOK +2.08m NOK
-59.4%
Net result
+4.04m NOK +1.64m NOK
-59.4%
Equity
2.82m NOK 4.46m NOK
+58.3%
Cash
15.30m NOK 3.00m NOK
-80.4%
Total assets
29.62m NOK 32.46m NOK
+9.6%

What improved

  • ↑

    Equity strengthened

    Book equity 2.82m NOK → 4.46m NOK (equity ratio 9.5% → 13.7%). Calculated

  • ↑

    Payroll decreased

    Salary cost 72.05m NOK → 57.29m NOK (83% → 87% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 87.25m NOK to 66.02m NOK (-24.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +5.14m NOK → +2.08m NOK (op. margin 5.9% → 3.2%). Calculated

  • ↓

    Net result weakened

    Net result +4.04m NOK → +1.64m NOK (net margin 4.6% → 2.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 15.30m NOK → 3.00m NOK (-80.4% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (15.30m NOK → 3.00m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation