ADJUVO EIENDOM AS: årsregnskap 2020 vs 2019
Grew 17941% on revenue, returned to profit, cash halved-plus
approved 2021-08-19; registry 2021-10-06; journal 2021 779631
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADJUVO EIENDOM AS. Revenue 100.4k NOK → 18.12m NOK (+17940.7%). Net result -432.8k NOK → +803.5k NOK. Equity 453.9k NOK → 4.56m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ADJUVO EIENDOM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 100.4k NOK to 18.12m NOK (+17940.7% YoY). Calculated
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Operating result improved
Operating result -425.8k NOK → +79.1k NOK (op. margin -424.0% → 0.4%). Calculated
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Turned profitable
Net result flipped from a loss of 432.8k NOK to a profit of 803.5k NOK. Calculated
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Equity strengthened
Book equity 453.9k NOK → 4.56m NOK (equity ratio 2.8% → 44.1%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 408.0k NOK → 20.7k NOK (-94.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 9.38× → 0.52× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 9 483 NOK → 22.8k NOK (9% → 0% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 1 450 NOK → 10.0k NOK. Reported fact