ADRIAN AS: årsregnskap 2020 vs 2019
Shrank 245% on revenue, weaker earnings
approved 2021-06-18; registry 2021-07-07; journal 2021 458115
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADRIAN AS. Revenue -615.7k NOK → -2.12m NOK (-244.8%). Net result -851.3k NOK → -2.36m NOK. Equity 66.45m NOK → 64.09m NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADRIAN AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from -615.7k NOK to -2.12m NOK (-244.8% YoY). Calculated
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Operating result weakened
Operating result -1.25m NOK → -2.61m NOK (op. margin 203.2% → 122.8%). Calculated
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Net result weakened
Net result -851.3k NOK → -2.36m NOK (net margin 138.3% → 111.1%). Calculated
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Equity eroded
Book equity 66.45m NOK → 64.09m NOK (equity ratio 73.6% → 81.0%). Calculated
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Cash fell
Bank deposits 1.50m NOK → 982.8k NOK (-34.7% YoY). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 29.71m NOK → 11.57m NOK. Reported fact