ADMTEK AS: årsregnskap 2020 vs 2019
Grew 5% on revenue, weaker earnings
approved 2021-05-26; registry 2021-07-28; journal 2021 594633
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADMTEK AS. Revenue 10.4k NOK → 11.0k NOK (+5.3%). Net result -4 015 NOK → -51.0k NOK. Equity 105.8k NOK → 54.8k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADMTEK AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 10.4k NOK to 11.0k NOK (+5.3% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +5 311 NOK → -16.5k NOK (op. margin 50.8% → -149.9%). Calculated
-
↓
Net result weakened
Net result -4 015 NOK → -51.0k NOK (net margin -38.4% → -463.5%). Calculated
-
↓
Equity eroded
Book equity 105.8k NOK → 54.8k NOK (equity ratio 90.8% → 79.0%). Calculated
-
↓
Cash fell
Bank deposits 70.3k NOK → 59.0k NOK (-16.1% YoY). Calculated
Things to notice
-
·
Payroll increased
Salary cost 9 584 NOK → 19.6k NOK (92% → 179% of revenue). Calculated