ADOLF HORNELAND AS: årsregnskap 2020 vs 2019
Shrank 23% on revenue
approved 2021-05-10; registry 2021-06-12; journal 2021 293652
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADOLF HORNELAND AS. Revenue 663.0k NOK → 511.6k NOK (-22.8%). Net result +557.6k NOK → +555.8k NOK. Equity 5.32m NOK → 5.87m NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
Revenue
663.0k NOK
511.6k NOK
-22.8%
Operating result
+416.2k NOK
+240.6k NOK
-42.2%
Net result
+557.6k NOK
+555.8k NOK
-0.3%
Equity
5.32m NOK
5.87m NOK
+10.5%
Cash
868.8k NOK
993.9k NOK
+14.4%
Total assets
6.37m NOK
6.78m NOK
+6.6%
What improved
-
↑
Equity strengthened
Book equity 5.32m NOK → 5.87m NOK (equity ratio 83.5% → 86.6%). Calculated
-
↑
Cash rose
Bank deposits 868.8k NOK → 993.9k NOK (+14.4% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 663.0k NOK to 511.6k NOK (-22.8% YoY). Calculated
-
↓
Operating result weakened
Operating result +416.2k NOK → +240.6k NOK (op. margin 62.8% → 47.0%). Calculated