ADLE AS: årsregnskap 2020 vs 2019
Grew 1379% on revenue, weaker earnings
approved 2022-04-08; registry 2022-04-21; journal 2022 212150
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADLE AS. Revenue 730 NOK → 10.8k NOK (+1378.6%). Net result -3.13m NOK → -5.34m NOK. Equity 4.28m NOK → -920.0k NOK.
On the constructive side: revenue rose; cash rose; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for ADLE AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 730 NOK to 10.8k NOK (+1378.6% YoY). Calculated
-
↑
Cash rose
Bank deposits 41.1k NOK → 78.4k NOK (+90.5% YoY). Calculated
-
↑
Payroll decreased
Salary cost 259.6k NOK → 2 654 NOK (35563% → 25% of revenue). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -781.3k NOK → -948.5k NOK (op. margin -107021.4% → -8786.9%). Calculated
-
↓
Net result weakened
Net result -3.13m NOK → -5.34m NOK (net margin -428301.4% → -49501.1%). Calculated
-
↓
Equity eroded
Book equity 4.28m NOK → -920.0k NOK (equity ratio 11.2% → -6.4%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -6.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 5.60m NOK → 740 NOK — check capital reduction, conversion, or reclassification. Interpretation