FirmaIQ
Org.nr 997 040 902 2019 → 2020 Year-over-year analysis

ADOLFSEN MASKIN OG TRANSPORT AS: årsregnskap 2020 vs 2019

Shrank 47% on revenue, weaker earnings

approved 2021-08-31; registry 2021-10-14; journal 2021 813773

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADOLFSEN MASKIN OG TRANSPORT AS. Revenue 14.36m NOK → 7.60m NOK (-47.1%). Net result +2.38m NOK → +832.8k NOK. Equity 6.19m NOK → 7.02m NOK.

On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
14.36m NOK 7.60m NOK
-47.1%
Operating result
+3.18m NOK +1.17m NOK
-63.1%
Net result
+2.38m NOK +832.8k NOK
-65.0%
Equity
6.19m NOK 7.02m NOK
+13.5%
Cash
4.76m NOK 3.33m NOK
-29.9%
Total assets
13.65m NOK 10.67m NOK
-21.8%

What improved

  • ↑

    Equity strengthened

    Book equity 6.19m NOK → 7.02m NOK (equity ratio 45.3% → 65.8%). Calculated

  • ↑

    Payroll decreased

    Salary cost 3.64m NOK → 2.34m NOK (25% → 31% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 14.36m NOK to 7.60m NOK (-47.1% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +3.18m NOK → +1.17m NOK (op. margin 22.2% → 15.5%). Calculated

  • ↓

    Net result weakened

    Net result +2.38m NOK → +832.8k NOK (net margin 16.6% → 11.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 4.76m NOK → 3.33m NOK (-29.9% YoY). Calculated