FirmaIQ
Org.nr 947 812 815 2019 → 2020 Year-over-year analysis

ADONIS AS: årsregnskap 2020 vs 2019

Slipped into loss, cash halved-plus

approved 2021-08-31; registry 2021-11-01; journal 2021 888928

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADONIS AS. Revenue 30.26m NOK → 30.99m NOK (+2.4%). Net result +885.8k NOK → -877.8k NOK. Equity 6.69m NOK → 5.81m NOK.

On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.

Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ADONIS AS.

At a glance

Scorecard

Revenue
30.26m NOK 30.99m NOK
+2.4%
Operating result
+941.0k NOK -861.3k NOK
-191.5%
Net result
+885.8k NOK -877.8k NOK
-199.1%
Equity
6.69m NOK 5.81m NOK
-13.1%
Cash
4.67m NOK 1.89m NOK
-59.5%
Total assets
29.90m NOK 36.11m NOK
+20.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 30.26m NOK to 30.99m NOK (+2.4% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +941.0k NOK → -861.3k NOK (op. margin 3.1% → -2.8%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 885.8k NOK profit to a loss of 877.8k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 6.69m NOK → 5.81m NOK (equity ratio 22.4% → 16.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 4.67m NOK → 1.89m NOK (-59.5% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 9.09m NOK → 12.71m NOK (30% → 41% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 11.55m NOK → 11.74m NOK (+1.6% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 8 000 NOK → 416.9k NOK. Reported fact