ADRENALINCONSULT AS: årsregnskap 2020 vs 2019
Shrank 68% on revenue, returned to profit
approved 2021-07-06; registry 2021-07-08; journal 2021 545620
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADRENALINCONSULT AS. Revenue 802.3k NOK → 260.4k NOK (-67.5%). Net result -19.0k NOK → +33.3k NOK. Equity 108.8k NOK → 12.14m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADRENALINCONSULT AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -9 747 NOK → +38.6k NOK (op. margin -1.2% → 14.8%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 19.0k NOK to a profit of 33.3k NOK. Calculated
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↑
Equity strengthened
Book equity 108.8k NOK → 12.14m NOK (equity ratio 52.8% → 4675.6%). Calculated
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↑
Cash rose
Bank deposits 10.5k NOK → 130.7k NOK (+1144.3% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 802.3k NOK to 260.4k NOK (-67.5% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 226.0k NOK → 174.4k NOK (-22.9% YoY). Calculated