ADREM AS: årsregnskap 2020 vs 2019
Grew 131% on revenue, returned to profit, cash halved-plus
approved 2021-05-21; registry 2021-05-27; journal 2021 328703
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADREM AS. Revenue 20.0k NOK → 46.2k NOK (+131.0%). Net result -470.5k NOK → +5 823 NOK. Equity -496.8k NOK → -490.9k NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADREM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 20.0k NOK to 46.2k NOK (+131.0% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 470.5k NOK to a profit of 5 823 NOK. Calculated
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↑
Equity strengthened
Book equity -496.8k NOK → -490.9k NOK (equity ratio -896.0% → -660.8%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +20.0k NOK → +7 464 NOK (op. margin 100.1% → 16.2%). Calculated
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↓
Cash fell
Bank deposits 20.3k NOK → 1 423 NOK (-93.0% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 11 NOK → 9 000 NOK. Reported fact