ADOLFSEN SERVICE AS: årsregnskap 2020 vs 2019
Shrank 17% on revenue, weaker earnings
approved 2021-08-30; registry 2021-10-04; journal 2021 853758
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADOLFSEN SERVICE AS. Revenue 2.25m NOK → 1.87m NOK (-16.8%). Net result +157.9k NOK → +36.3k NOK. Equity 942.1k NOK → 978.4k NOK.
On the constructive side: equity strengthened. 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 942.1k NOK → 978.4k NOK. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.25m NOK to 1.87m NOK (-16.8% YoY). Calculated
-
↓
Operating result weakened
Operating result +204.0k NOK → +50.6k NOK (op. margin 9.1% → 2.7%). Calculated
-
↓
Net result weakened
Net result +157.9k NOK → +36.3k NOK (net margin 7.0% → 1.9%). Calculated
-
↓
Cash fell
Bank deposits 857.4k NOK → 566.0k NOK (-34.0% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 8 NOK → 356.3k NOK (0% → 19% of revenue). Calculated