ADJUVANTE AS: årsregnskap 2020 vs 2019
Shrank 52% on revenue, stronger earnings, cash halved-plus
approved 2021-06-14; registry 2021-08-11; journal 2021 624294
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADJUVANTE AS. Revenue 941.8k NOK → 449.0k NOK (-52.3%). Net result -202.9k NOK → -64.7k NOK. Equity 5.64m NOK → 4.17m NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADJUVANTE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -322.6k NOK → -43.0k NOK (op. margin -34.3% → -9.6%). Calculated
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Net result improved
Net result -202.9k NOK → -64.7k NOK (net margin -21.5% → -14.4%). Calculated
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Payroll decreased
Salary cost 718.2k NOK → 1 106 NOK (76% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 941.8k NOK to 449.0k NOK (-52.3% YoY). Calculated
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Equity eroded
Book equity 5.64m NOK → 4.17m NOK (equity ratio 96.7% → 94.7%). Calculated
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Cash fell
Bank deposits 2.13m NOK → 904.8k NOK (-57.5% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 128.6k NOK → 6 305 NOK (-95.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 6 000 NOK → 15.9k NOK. Reported fact