ADM AS: årsregnskap 2020 vs 2019
Grew 8% on revenue, stronger earnings
approved 2021-02-21; registry 2021-04-27; journal 2021 209032
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADM AS. Revenue 5.85m NOK → 6.30m NOK (+7.7%). Net result +402.2k NOK → +568.8k NOK. Equity 579.1k NOK → 441.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.85m NOK to 6.30m NOK (+7.7% YoY). Calculated
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↑
Operating result improved
Operating result +507.6k NOK → +724.7k NOK (op. margin 8.7% → 11.5%). Calculated
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↑
Net result improved
Net result +402.2k NOK → +568.8k NOK (net margin 6.9% → 9.0%). Calculated
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↑
Cash rose
Bank deposits 839.5k NOK → 928.9k NOK (+10.6% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 579.1k NOK → 441.9k NOK (equity ratio 30.6% → 19.4%). Calculated
Things to notice
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·
Payroll increased
Salary cost 3.62m NOK → 3.93m NOK (62% → 62% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 296.7k NOK → 424.2k NOK (+43.0% YoY). Calculated