FirmaIQ
Org.nr 910 681 761 2019 → 2020 Year-over-year analysis

ADOLPH BERGSVEI 58 AS: årsregnskap 2020 vs 2019

Grew 295% on revenue, stronger earnings

approved 2021-05-31; registry 2021-07-22; journal 2021 526672

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADOLPH BERGSVEI 58 AS. Revenue 43.00m NOK → 169.73m NOK (+294.7%). Net result +8 529 NOK → +24.28m NOK. Equity 9.44m NOK → 3.72m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ADOLPH BERGSVEI 58 AS.

At a glance

Scorecard

Revenue
43.00m NOK 169.73m NOK
+294.7%
Operating result
+10.9k NOK +31.13m NOK
+284558.6%
Net result
+8 529 NOK +24.28m NOK
+284568.7%
Equity
9.44m NOK 3.72m NOK
-60.6%
Cash
336.8k NOK 766.2k NOK
+127.5%
Total assets
99.41m NOK 251.93m NOK
+153.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 43.00m NOK to 169.73m NOK (+294.7% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +10.9k NOK → +31.13m NOK (op. margin 0.0% → 18.3%). Calculated

  • ↑

    Net result improved

    Net result +8 529 NOK → +24.28m NOK (net margin 0.0% → 14.3%). Calculated

  • ↑

    Cash rose

    Bank deposits 336.8k NOK → 766.2k NOK (+127.5% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 9.44m NOK → 3.72m NOK (equity ratio 9.5% → 1.5%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 1.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS moved

    COGS / varekostnad 32 NOK → 138.53m NOK (+432909503.1% YoY). Calculated