ADP AS: årsregnskap 2020 vs 2019
Grew 57% on revenue, returned to profit, cash halved-plus
approved 2021-05-15; registry 2021-07-14; journal 2021 486718
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADP AS. Revenue 9.63m NOK → 15.16m NOK (+57.4%). Net result -2 971 NOK → +983.5k NOK. Equity 511.2k NOK → 494.7k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADP AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 9.63m NOK to 15.16m NOK (+57.4% YoY). Calculated
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Operating result improved
Operating result +31.9k NOK → +1.33m NOK (op. margin 0.3% → 8.8%). Calculated
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Turned profitable
Net result flipped from a loss of 2 971 NOK to a profit of 983.5k NOK. Calculated
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Current ratio back above 1×
Current ratio 0.94× → 2.27×. Calculated
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Payroll decreased
Salary cost 5.10m NOK → 2.73m NOK (53% → 18% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 511.2k NOK → 494.7k NOK (equity ratio 12.1% → 21.6%). Calculated
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↓
Cash fell
Bank deposits 311.8k NOK → 117.7k NOK (-62.3% YoY). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 2.54m NOK → 9.19m NOK (+262.3% YoY). Calculated