ADLOCK NORGE AS: årsregnskap 2020 vs 2019
Grew 29% on revenue, stronger earnings
approved 2021-08-30; registry 2021-09-23; journal 2021 797985
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADLOCK NORGE AS. Revenue 3.14m NOK → 4.03m NOK (+28.6%). Net result +27.4k NOK → +201.8k NOK. Equity 12.33m NOK → 12.53m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADLOCK NORGE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 3.14m NOK to 4.03m NOK (+28.6% YoY). Calculated
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Operating result improved
Operating result +104.9k NOK → +346.1k NOK (op. margin 3.3% → 8.6%). Calculated
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Net result improved
Net result +27.4k NOK → +201.8k NOK (net margin 0.9% → 5.0%). Calculated
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Equity strengthened
Book equity 12.33m NOK → 12.53m NOK (equity ratio 615.7% → 653.6%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 539.4k NOK → 453.8k NOK (-15.9% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1 NOK → 1.80m NOK (0% → 45% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 674.2k NOK → 855.6k NOK (+26.9% YoY). Calculated