ADORE AS: årsregnskap 2020 vs 2019
Shrank 19% on revenue, stronger earnings
approved 2021-05-31; registry 2021-08-11; journal 2021 620530
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADORE AS. Revenue 1.52m NOK → 1.23m NOK (-19.2%). Net result -109.1k NOK → -24.2k NOK. Equity 221.3k NOK → 197.1k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADORE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -136.3k NOK → -21.9k NOK (op. margin -9.0% → -1.8%). Calculated
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Net result improved
Net result -109.1k NOK → -24.2k NOK (net margin -7.2% → -2.0%). Calculated
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Cash rose
Bank deposits 102.9k NOK → 283.4k NOK (+175.5% YoY). Calculated
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Payroll decreased
Salary cost 663.6k NOK → 425.7k NOK (44% → 35% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.52m NOK to 1.23m NOK (-19.2% YoY). Calculated
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↓
Equity eroded
Book equity 221.3k NOK → 197.1k NOK (equity ratio 40.8% → 23.9%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 659.5k NOK → 530.1k NOK (-19.6% YoY). Calculated