ADRIA WINCH NORWAY AS: årsregnskap 2020 vs 2019
Shrank 75% on revenue, slipped into loss
approved 2021-08-23; registry 2021-09-07; journal 2021 734333
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADRIA WINCH NORWAY AS. Revenue 1.78m NOK → 452.6k NOK (-74.5%). Net result +507.3k NOK → -56.8k NOK. Equity 3.17m NOK → 3.11m NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADRIA WINCH NORWAY AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.78m NOK to 452.6k NOK (-74.5% YoY). Calculated
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Operating result weakened
Operating result +509.6k NOK → -412.1k NOK (op. margin 28.7% → -91.1%). Calculated
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Fell into a net loss
Net result flipped from 507.3k NOK profit to a loss of 56.8k NOK. Calculated
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Equity eroded
Book equity 3.17m NOK → 3.11m NOK (equity ratio 89.4% → 97.2%). Calculated
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Cash fell
Bank deposits 211.1k NOK → 192.4k NOK (-8.8% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 30.1k NOK → 4 593 NOK (-84.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 2.96m NOK → 2.83m NOK. Reported fact