ADORACION AS: årsregnskap 2020 vs 2019
Grew 35% on revenue, weaker earnings, cash halved-plus
approved 2021-06-30; registry 2021-09-25; journal 2021 743123
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADORACION AS. Revenue 140.5k NOK → 190.0k NOK (+35.2%). Net result -5 505 NOK → -104.2k NOK. Equity 160.2k NOK → 56.0k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADORACION AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 140.5k NOK to 190.0k NOK (+35.2% YoY). Calculated
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↑
Payroll decreased
Salary cost 4 NOK → -14.1k NOK (0% → -7% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -7 415 NOK → -103.9k NOK (op. margin -5.3% → -54.7%). Calculated
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↓
Net result weakened
Net result -5 505 NOK → -104.2k NOK (net margin -3.9% → -54.9%). Calculated
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↓
Equity eroded
Book equity 160.2k NOK → 56.0k NOK (equity ratio 88.6% → 70.9%). Calculated
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↓
Cash fell
Bank deposits 176.9k NOK → 78.9k NOK (-55.4% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 85.7k NOK → 56.0k NOK (-34.6% YoY). Calculated