ADNOVA AS: årsregnskap 2020 vs 2019
Shrank 47% on revenue, returned to profit
approved 2021-06-01; registry 2021-10-12; journal 2021 807290
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADNOVA AS. Revenue 1.27m NOK → 677.8k NOK (-46.6%). Net result -160.7k NOK → +17.9k NOK. Equity -77.5k NOK → -59.6k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADNOVA AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -160.9k NOK → +17.7k NOK (op. margin -12.7% → 2.6%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 160.7k NOK to a profit of 17.9k NOK. Calculated
-
↑
Equity strengthened
Book equity -77.5k NOK → -59.6k NOK (equity ratio -32.5% → -35.7%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.27m NOK to 677.8k NOK (-46.6% YoY). Calculated
-
↓
Cash fell
Bank deposits 229.1k NOK → 166.7k NOK (-27.3% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -35.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation