ADJE RENHOLD AS: årsregnskap 2020 vs 2019
Shrank 96% on revenue, weaker earnings
approved 2021-02-27; registry 2021-05-05; journal 2021 260615
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADJE RENHOLD AS. Revenue 923.6k NOK → 35.3k NOK (-96.2%). Net result +131.7k NOK → +42.6k NOK. Equity 11.11m NOK → 10.15m NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADJE RENHOLD AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 205.0k NOK → 320.4k NOK (+56.3% YoY). Calculated
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Payroll decreased
Salary cost 3.62m NOK → 2 NOK (392% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 923.6k NOK to 35.3k NOK (-96.2% YoY). Calculated
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↓
Operating result weakened
Operating result +147.8k NOK → +55.0k NOK (op. margin 16.0% → 155.9%). Calculated
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↓
Net result weakened
Net result +131.7k NOK → +42.6k NOK (net margin 14.3% → 120.7%). Calculated
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Equity eroded
Book equity 11.11m NOK → 10.15m NOK (equity ratio 4687.1% → 2481.0%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 397.7k NOK → 17.3k NOK (-95.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 7 626 NOK → 1 234 NOK. Reported fact
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·
Headcount (årsverk) changed
Reported FTEs 2 → 2.5. Reported fact