ADMIT AS: årsregnskap 2020 vs 2019
Shrank 39% on revenue, slipped into loss, cash halved-plus
approved 2021-06-30; registry 2021-09-28; journal 2021 749375
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADMIT AS. Revenue 880.8k NOK → 532.9k NOK (-39.5%). Net result +114.1k NOK → -559.0k NOK. Equity 875.9k NOK → 169.2k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for ADMIT AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 880.8k NOK to 532.9k NOK (-39.5% YoY). Calculated
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Operating result weakened
Operating result +111.5k NOK → -557.0k NOK (op. margin 12.7% → -104.5%). Calculated
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Fell into a net loss
Net result flipped from 114.1k NOK profit to a loss of 559.0k NOK. Calculated
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Equity eroded
Book equity 875.9k NOK → 169.2k NOK (equity ratio 33.0% → 7.9%). Calculated
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Cash fell
Bank deposits 1.39m NOK → 47.4k NOK (-96.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 7.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.39m NOK → 47.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Paid-in equity reduced
Paid-in equity fell 204.3k NOK → 170.5k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 150.0k NOK → 866.2k NOK. Reported fact