ADOLF JAHNSEN AS: årsregnskap 2020 vs 2019
Shrank 68% on revenue, stronger earnings
approved 2021-09-27; registry 2021-10-21; journal 2021 844998
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADOLF JAHNSEN AS. Revenue 34.31m NOK → 11.03m NOK (-67.8%). Net result -3.74m NOK → -185.5k NOK. Equity -1.47m NOK → 1.56m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADOLF JAHNSEN AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -3.97m NOK → -1.07m NOK (op. margin -11.6% → -9.7%). Calculated
-
↑
Net result improved
Net result -3.74m NOK → -185.5k NOK (net margin -10.9% → -1.7%). Calculated
-
↑
Equity strengthened
Book equity -1.47m NOK → 1.56m NOK (equity ratio -16.1% → 16.4%). Calculated
-
↑
Cash rose
Bank deposits 88.4k NOK → 3.93m NOK (+4347.6% YoY). Calculated
-
↑
Payroll decreased
Salary cost 6.63m NOK → 2.32m NOK (19% → 21% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 34.31m NOK to 11.03m NOK (-67.8% YoY). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 26.31m NOK → 8.51m NOK (-67.7% YoY). Calculated