ADR ELEKTRO AS: årsregnskap 2020 vs 2019
Shrank 17% on revenue, slipped into loss
approved 2021-06-30; registry 2021-08-19; journal 2021 631394
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADR ELEKTRO AS. Revenue 17.06m NOK → 14.12m NOK (-17.2%). Net result +814.3k NOK → -77.6k NOK. Equity 293.5k NOK → 1.42m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADR ELEKTRO AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 293.5k NOK → 1.42m NOK (equity ratio 5.7% → 32.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 17.06m NOK to 14.12m NOK (-17.2% YoY). Calculated
-
↓
Operating result weakened
Operating result +2.25m NOK → -92.8k NOK (op. margin 13.2% → -0.7%). Calculated
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↓
Fell into a net loss
Net result flipped from 814.3k NOK profit to a loss of 77.6k NOK. Calculated
-
↓
Cash fell
Bank deposits 966.1k NOK → 926.0k NOK (-4.2% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 7.05m NOK → 7.45m NOK (41% → 53% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 5.40m NOK → 4.36m NOK (-19.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 43.8k NOK → 27.1k NOK. Reported fact