ADMASO HOLDING AS: årsregnskap 2020 vs 2019
Shrank 39% on revenue, returned to profit
approved 2021-04-20; registry 2021-07-05; journal 2021 518448
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADMASO HOLDING AS. Revenue 900.0k NOK → 552.0k NOK (-38.7%). Net result -512.2k NOK → +578.0k NOK. Equity 1.07m NOK → 3.34m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADMASO HOLDING AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -274.0k NOK → +706.9k NOK (op. margin -30.4% → 128.1%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 512.2k NOK to a profit of 578.0k NOK. Calculated
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↑
Equity strengthened
Book equity 1.07m NOK → 3.34m NOK (equity ratio 30.2% → 85.0%). Calculated
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↑
Cash rose
Bank deposits 106.7k NOK → 726.7k NOK (+581.1% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 900.0k NOK to 552.0k NOK (-38.7% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 208.6k NOK → -242.1k NOK (-216.1% YoY). Calculated