ADJUVA AS: årsregnskap 2020 vs 2019
Shrank 100% on revenue, weaker earnings
approved 2020-12-31; registry 2021-09-23; journal 2021 788469
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADJUVA AS. Revenue 518.6k NOK → 477 NOK (-99.9%). Net result +262.4k NOK → +2 698 NOK. Equity 548.2k NOK → 9 912 NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADJUVA AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +718 NOK → +159.3k NOK (op. margin 0.1% → 33388.1%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 518.6k NOK to 477 NOK (-99.9% YoY). Calculated
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↓
Net result weakened
Net result +262.4k NOK → +2 698 NOK (net margin 50.6% → 565.6%). Calculated
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↓
Equity eroded
Book equity 548.2k NOK → 9 912 NOK (equity ratio 61.4% → 1.6%). Calculated
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↓
Cash fell
Bank deposits 676.0k NOK → 514.0k NOK (-24.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 1.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation