FirmaIQ
Org.nr 982 713 862 2019 → 2020 Year-over-year analysis

ADRENALIN AS: årsregnskap 2020 vs 2019

Grew 431% on revenue, cash halved-plus

approved 2021-08-31; registry 2021-11-04; journal 2021 894702

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADRENALIN AS. Revenue 1.57m NOK → 8.33m NOK (+431.1%). Net result +387.2k NOK → +375.1k NOK. Equity 18.42m NOK → 17.55m NOK.

On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: equity eroded; cash fell.

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ADRENALIN AS.

At a glance

Scorecard

Revenue
1.57m NOK 8.33m NOK
+431.1%
Operating result
-491.1k NOK +220.2k NOK
+144.8%
Net result
+387.2k NOK +375.1k NOK
-3.1%
Equity
18.42m NOK 17.55m NOK
-4.7%
Cash
9.90m NOK 3.65m NOK
-63.1%
Total assets
18.72m NOK 19.29m NOK
+3.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.57m NOK to 8.33m NOK (+431.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -491.1k NOK → +220.2k NOK (op. margin -31.3% → 2.6%). Calculated

  • ↑

    Payroll decreased

    Salary cost 4.64m NOK → 1.66m NOK (296% → 20% of revenue). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 18.42m NOK → 17.55m NOK (equity ratio 98.4% → 91.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 9.90m NOK → 3.65m NOK (-63.1% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (9.90m NOK → 3.65m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 926.2k NOK → 1.46m NOK. Reported fact