ADRENALINEVENT AS: årsregnskap 2020 vs 2019
Shrank 67% on revenue, slipped into loss
approved 2021-04-14; registry 2021-05-31; journal 2021 356697
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADRENALINEVENT AS. Revenue 193.6k NOK → 64.0k NOK (-66.9%). Net result +22.1k NOK → -47.9k NOK. Equity 555.0k NOK → 507.1k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 58.0k NOK → -5 226 NOK (30% → -8% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 193.6k NOK to 64.0k NOK (-66.9% YoY). Calculated
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↓
Operating result weakened
Operating result +34.9k NOK → -56.9k NOK (op. margin 18.0% → -88.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 22.1k NOK profit to a loss of 47.9k NOK. Calculated
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↓
Equity eroded
Book equity 555.0k NOK → 507.1k NOK (equity ratio 92.9% → 101.2%). Calculated
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↓
Cash fell
Bank deposits 381.7k NOK → 352.6k NOK (-7.6% YoY). Calculated