FirmaIQ
Org.nr 997 979 036 2019 → 2020 Year-over-year analysis

ADMIRUM AS: årsregnskap 2020 vs 2019

Weaker earnings

approved 2021-04-16; registry 2021-07-05; journal 2021 528168

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADMIRUM AS. Revenue 2.09m NOK → 2.05m NOK (-1.9%). Net result +8.95m NOK → +8 NOK. Equity 4.49m NOK → 5.92m NOK.

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

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADMIRUM AS.

At a glance

Scorecard

Revenue
2.09m NOK 2.05m NOK
-1.9%
Net result
+8.95m NOK +8 NOK
-100.0%
Equity
4.49m NOK 5.92m NOK
+31.9%
Cash
4.30m NOK 2.33m NOK
-45.8%
Total assets
5.02m NOK 6.48m NOK
+29.2%

What improved

  • ↑

    Equity strengthened

    Book equity 4.49m NOK → 5.92m NOK (equity ratio 89.5% → 91.4%). Calculated

  • ↑

    Payroll decreased

    Salary cost 745.5k NOK → 734.2k NOK (36% → 36% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.09m NOK to 2.05m NOK (-1.9% YoY). Calculated

  • ↓

    Net result weakened

    Net result +8.95m NOK → +8 NOK (net margin 428.4% → 0.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 4.30m NOK → 2.33m NOK (-45.8% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 3.19m NOK → 10 NOK. Reported fact