ADMMIT AS: årsregnskap 2020 vs 2019
Grew 22% on revenue, stronger earnings
approved 2021-06-07; registry 2021-09-30; journal 2021 756132
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADMMIT AS. Revenue 10.26m NOK → 12.55m NOK (+22.3%). Net result +618.8k NOK → +817.3k NOK. Equity 3.17m NOK → 4.83m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.
Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADMMIT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 10.26m NOK to 12.55m NOK (+22.3% YoY). Calculated
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↑
Net result improved
Net result +618.8k NOK → +817.3k NOK (net margin 6.0% → 6.5%). Calculated
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↑
Equity strengthened
Book equity 3.17m NOK → 4.83m NOK (equity ratio 30.5% → 44.1%). Calculated
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↑
Cash rose
Bank deposits 340.7k NOK → 901.5k NOK (+164.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1.17m NOK → +1.05m NOK (op. margin 11.4% → 8.3%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 480.0k NOK → 324.7k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 2.36m NOK → 3.45m NOK (23% → 28% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 99.5k NOK → 176.6k NOK (+77.6% YoY). Calculated