ADITE AS: årsregnskap 2020 vs 2019
Shrank 11% on revenue, weaker earnings
registry 2021-07-26; journal 2021 537841
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADITE AS. Revenue 7.36m NOK → 6.57m NOK (-10.6%). Net result +769.1k NOK → +81.0k NOK. Equity 960.3k NOK → 41.3k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADITE AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 660.8k NOK → 998.6k NOK (+51.1% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.36m NOK to 6.57m NOK (-10.6% YoY). Calculated
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↓
Operating result weakened
Operating result +988.5k NOK → +132.8k NOK (op. margin 13.4% → 2.0%). Calculated
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↓
Net result weakened
Net result +769.1k NOK → +81.0k NOK (net margin 10.5% → 1.2%). Calculated
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↓
Equity eroded
Book equity 960.3k NOK → 41.3k NOK (equity ratio 38.9% → 1.9%). Calculated
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↓
Payroll up without matching revenue
Salary cost 4.72m NOK → 5.34m NOK (64% → 81% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation