ADRETT AS: årsregnskap 2020 vs 2019
Grew 36% on revenue, stronger earnings, fresh owner capital
approved 2021-06-24; registry 2021-09-29; journal 2021 750491
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADRETT AS. Revenue 9.81m NOK → 13.35m NOK (+36.0%). Net result +1 116 NOK → +633.3k NOK. Equity 1.58m NOK → 1.09m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADRETT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 9.81m NOK to 13.35m NOK (+36.0% YoY). Calculated
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↑
Operating result improved
Operating result +444.4k NOK → +827.7k NOK (op. margin 4.5% → 6.2%). Calculated
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Net result improved
Net result +1 116 NOK → +633.3k NOK (net margin 0.0% → 4.7%). Calculated
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↑
Owners injected capital
Paid-in equity rose 440 NOK → 440.0k NOK (+439.6k NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 1.58m NOK → 1.09m NOK (equity ratio 41.5% → 34.9%). Calculated
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↓
Cash fell
Bank deposits 1.57m NOK → 927.9k NOK (-41.0% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 3.19m NOK → 4.79m NOK (33% → 36% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 3.50m NOK → 5.76m NOK (+64.4% YoY). Calculated