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Org.nr 917 357 587 2019 → 2020 Year-over-year analysis

ADMIRAL P AS: årsregnskap 2020 vs 2019

Shrank 82% on revenue

approved 2021-06-18; registry 2021-09-23; journal 2021 792453

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADMIRAL P AS. Revenue 3.23m NOK → 570.7k NOK (-82.3%). Net result +506.3k NOK → +449.4k NOK. Equity 30.5k NOK → 10.48m NOK.

On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADMIRAL P AS.

At a glance

Scorecard

Revenue
3.23m NOK 570.7k NOK
-82.3%
Operating result
+649.2k NOK +580.5k NOK
-10.6%
Net result
+506.3k NOK +449.4k NOK
-11.2%
Equity
30.5k NOK 10.48m NOK
+34289.7%
Cash
161.3k NOK 478.3k NOK
+196.5%
Total assets
627.4k NOK 839.3k NOK
+33.8%

What improved

  • ↑

    Equity strengthened

    Book equity 30.5k NOK → 10.48m NOK (equity ratio 4.9% → 1248.7%). Calculated

  • ↑

    Cash rose

    Bank deposits 161.3k NOK → 478.3k NOK (+196.5% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.23m NOK to 570.7k NOK (-82.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +649.2k NOK → +580.5k NOK (op. margin 20.1% → 101.7%). Calculated

  • ↓

    Net result weakened

    Net result +506.3k NOK → +449.4k NOK (net margin 15.7% → 78.7%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 1.64m NOK → 121.6k NOK (-92.6% YoY). Calculated