ADOLFSEN BÅTBYGGERI AS: årsregnskap 2020 vs 2019
Shrank 6% on revenue, weaker earnings
approved 2021-04-28; registry 2021-05-31; journal 2021 345979
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADOLFSEN BÅTBYGGERI AS. Revenue 3.15m NOK → 2.98m NOK (-5.5%). Net result +484.8k NOK → +134.8k NOK. Equity 853.2k NOK → 988.0k NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 853.2k NOK → 988.0k NOK (equity ratio 20.6% → 17.9%). Calculated
-
↑
Cash rose
Bank deposits 131.7k NOK → 1.48m NOK (+1021.7% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 3.15m NOK to 2.98m NOK (-5.5% YoY). Calculated
-
↓
Operating result weakened
Operating result +706.6k NOK → +309.9k NOK (op. margin 22.4% → 10.4%). Calculated
-
↓
Net result weakened
Net result +484.8k NOK → +134.8k NOK (net margin 15.4% → 4.5%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 1.20m NOK → 1.26m NOK (38% → 42% of revenue). Calculated
-
↓
COGS moved
COGS / varekostnad 402.8k NOK → 458.0k NOK (+13.7% YoY). Calculated