FirmaIQ
Org.nr 995 205 262 2019 → 2020 Year-over-year analysis

ADIMA ENGINEERING AS: årsregnskap 2020 vs 2019

Shrank 67% on revenue, weaker earnings

approved 2021-05-11; registry 2021-06-16; journal 2021 335233

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADIMA ENGINEERING AS. Revenue 7.39m NOK → 2.41m NOK (-67.4%). Net result +496.2k NOK → +109.0k NOK. Equity 1.03m NOK → 1.14m NOK.

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

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
7.39m NOK 2.41m NOK
-67.4%
Operating result
+612.7k NOK +135.2k NOK
-77.9%
Net result
+496.2k NOK +109.0k NOK
-78.0%
Equity
1.03m NOK 1.14m NOK
+10.6%
Cash
1.98m NOK 1.21m NOK
-39.1%
Total assets
3.02m NOK 1.61m NOK
-46.8%

What improved

  • ↑

    Equity strengthened

    Book equity 1.03m NOK → 1.14m NOK (equity ratio 34.1% → 70.9%). Calculated

  • ↑

    Payroll decreased

    Salary cost 5.87m NOK → 2.03m NOK (79% → 84% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 7.39m NOK to 2.41m NOK (-67.4% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +612.7k NOK → +135.2k NOK (op. margin 8.3% → 5.6%). Calculated

  • ↓

    Net result weakened

    Net result +496.2k NOK → +109.0k NOK (net margin 6.7% → 4.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.98m NOK → 1.21m NOK (-39.1% YoY). Calculated