FirmaIQ
Org.nr 968 326 414 2019 → 2020 Year-over-year analysis

ADOLPH TIDEMANDSGT 20/22 AS: årsregnskap 2020 vs 2019

A steady year on the published lines

approved 2021-04-21; registry 2021-05-22; journal 2021 238028

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADOLPH TIDEMANDSGT 20/22 AS. Revenue 4.26m NOK → 4.42m NOK (+3.8%). Net result +3.09m NOK → +3.01m NOK. Equity 15.37m NOK → 9.38m NOK.

On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADOLPH TIDEMANDSGT 20/22 AS.

At a glance

Scorecard

Revenue
4.26m NOK 4.42m NOK
+3.8%
Operating result
+3.36m NOK +3.66m NOK
+8.9%
Net result
+3.09m NOK +3.01m NOK
-2.6%
Equity
15.37m NOK 9.38m NOK
-39.0%
Cash
10.81m NOK 6.86m NOK
-36.5%
Total assets
31.96m NOK 27.78m NOK
-13.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 4.26m NOK to 4.42m NOK (+3.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +3.36m NOK → +3.66m NOK (op. margin 78.9% → 82.7%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 15.37m NOK → 9.38m NOK (equity ratio 48.1% → 33.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 10.81m NOK → 6.86m NOK (-36.5% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 2.33× → 0.82× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 151.4k NOK → 51.0k NOK. Reported fact