FirmaIQ
Org.nr 989 176 013 2019 → 2020 Year-over-year analysis

ADMENTO AS: årsregnskap 2020 vs 2019

Grew 14% on revenue, stronger earnings

approved 2021-03-19; registry 2021-03-24; journal 2021 166015

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADMENTO AS. Revenue 61.47m NOK → 69.87m NOK (+13.7%). Net result +8.31m NOK → +11.58m NOK. Equity 10.95m NOK → 9.54m NOK.

On the constructive side: revenue rose; net result improved. Pressures included: equity eroded; cash fell.

Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADMENTO AS.

At a glance

Scorecard

Revenue
61.47m NOK 69.87m NOK
+13.7%
Operating result
n/m +9.20m NOK
—
Net result
+8.31m NOK +11.58m NOK
+39.4%
Equity
10.95m NOK 9.54m NOK
-12.9%
Cash
2.01m NOK 1.88m NOK
-6.3%
Total assets
27.59m NOK 33.23m NOK
+20.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 61.47m NOK to 69.87m NOK (+13.7% YoY). Calculated

  • ↑

    Net result improved

    Net result +8.31m NOK → +11.58m NOK (net margin 13.5% → 16.6%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 10.95m NOK → 9.54m NOK (equity ratio 39.7% → 28.7%). Calculated

  • ↓

    Cash fell

    Bank deposits 2.01m NOK → 1.88m NOK (-6.3% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 38.55m NOK → 43.57m NOK (63% → 62% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 3.68m NOK → 3.15m NOK (-14.4% YoY). Calculated