ADOKS EIENDOM AS: årsregnskap 2020 vs 2019
Shrank 94% on revenue, returned to profit, cash halved-plus
approved 2021-05-21; registry 2021-06-24; journal 2021 396355
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADOKS EIENDOM AS. Revenue 724.1k NOK → 44.8k NOK (-93.8%). Net result -318.6k NOK → +516.3k NOK. Equity 6.25m NOK → 6.77m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADOKS EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -121.3k NOK → +919.0k NOK (op. margin -16.8% → 2049.4%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 318.6k NOK to a profit of 516.3k NOK. Calculated
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↑
Equity strengthened
Book equity 6.25m NOK → 6.77m NOK (equity ratio 29.5% → 24.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 724.1k NOK to 44.8k NOK (-93.8% YoY). Calculated
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Cash fell
Bank deposits 741.8k NOK → 236.0k NOK (-68.2% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 977 NOK → 10.2k NOK (0% → 23% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 149.0k NOK → 150 NOK (-99.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 11.74m NOK → 16.32m NOK. Reported fact