ADRESSEAVISEN AS: årsregnskap 2020 vs 2019
Weaker earnings, fresh owner capital
approved 2021-04-14; registry 2021-09-01; journal 2021 657546
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADRESSEAVISEN AS. Revenue 533.77m NOK → 530.29m NOK (-0.7%). Net result +176.66m NOK → +103.35m NOK. Equity 2.26bn NOK → 2.84bn NOK.
On the constructive side: equity strengthened; cash rose; owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADRESSEAVISEN AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 2.26bn NOK → 2.84bn NOK (equity ratio 85.9% → 89.1%). Calculated
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↑
Cash rose
Bank deposits 148 NOK → 16.0k NOK (+10710.8% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 70.22m NOK → 110.28m NOK (+40.05m NOK). Reported fact
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↑
Payroll decreased
Salary cost 192.21m NOK → 8.20m NOK (36% → 2% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 533.77m NOK to 530.29m NOK (-0.7% YoY). Calculated
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↓
Operating result weakened
Operating result +59.55m NOK → +53.78m NOK (op. margin 11.2% → 10.1%). Calculated
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↓
Net result weakened
Net result +176.66m NOK → +103.35m NOK (net margin 33.1% → 19.5%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.54× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 93.85m NOK → 87.03m NOK (-7.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 927.40m NOK → 2.49bn NOK. Reported fact