FirmaIQ
Org.nr 916 150 261 2019 → 2020 Year-over-year analysis

ADMIR TRANSPORT AS: årsregnskap 2020 vs 2019

Slipped into loss

approved 2021-12-02; registry 2021-12-07; journal 2021 901557

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADMIR TRANSPORT AS. Revenue 9.74m NOK → 9.82m NOK (+0.8%). Net result +469.6k NOK → -848.4k NOK. Equity 13.59m NOK → 12 NOK.

On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADMIR TRANSPORT AS.

At a glance

Scorecard

Revenue
9.74m NOK 9.82m NOK
+0.8%
Operating result
+757.5k NOK -612.0k NOK
-180.8%
Net result
+469.6k NOK -848.4k NOK
-280.6%
Equity
13.59m NOK 12 NOK
-100.0%
Cash
48.5k NOK 224.2k NOK
+362.4%
Total assets
5.33m NOK 7.60m NOK
+42.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 9.74m NOK to 9.82m NOK (+0.8% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 48.5k NOK → 224.2k NOK (+362.4% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +757.5k NOK → -612.0k NOK (op. margin 7.8% → -6.2%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 469.6k NOK profit to a loss of 848.4k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 13.59m NOK → 12 NOK (equity ratio 254.8% → 0.0%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation