FirmaIQ
Org.nr 916 977 565 2019 → 2020 Year-over-year analysis

ADNUNTIUS AS: årsregnskap 2020 vs 2019

Shrank 22% on revenue, weaker earnings, fresh owner capital

approved 2021-06-30; registry 2021-08-14; journal 2021 609398

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADNUNTIUS AS. Revenue 10.95m NOK → 8.58m NOK (-21.6%). Net result -1.94m NOK → -3.62m NOK. Equity 8.46m NOK → 7 NOK.

On the constructive side: cash rose; owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADNUNTIUS AS.

At a glance

Scorecard

Revenue
10.95m NOK 8.58m NOK
-21.6%
Operating result
-1.42m NOK -4.60m NOK
-224.6%
Net result
-1.94m NOK -3.62m NOK
-86.6%
Equity
8.46m NOK 7 NOK
-100.0%
Cash
468.5k NOK 921.0k NOK
+96.6%
Total assets
18.78m NOK 24.96m NOK
+32.9%

What improved

  • ↑

    Cash rose

    Bank deposits 468.5k NOK → 921.0k NOK (+96.6% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 23.18m NOK → 42.06m NOK (+18.88m NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 10.95m NOK to 8.58m NOK (-21.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -1.42m NOK → -4.60m NOK (op. margin -12.9% → -53.6%). Calculated

  • ↓

    Net result weakened

    Net result -1.94m NOK → -3.62m NOK (net margin -17.7% → -42.2%). Calculated

  • ↓

    Equity eroded

    Book equity 8.46m NOK → 7 NOK (equity ratio 45.1% → 0.0%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 3.75m NOK → 5.31m NOK (34% → 62% of revenue). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation