ADRIAN BOLIGUTLEIE AS: årsregnskap 2020 vs 2019
Grew 241% on revenue, stronger earnings, cash halved-plus
approved 2021-08-10; registry 2021-10-11; journal 2021 884305
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADRIAN BOLIGUTLEIE AS. Revenue 223.5k NOK → 761.5k NOK (+240.7%). Net result -665.4k NOK → -500.8k NOK. Equity -635.4k NOK → -1.14m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADRIAN BOLIGUTLEIE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 223.5k NOK to 761.5k NOK (+240.7% YoY). Calculated
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Operating result improved
Operating result -513.8k NOK → -305.0k NOK (op. margin -229.9% → -40.0%). Calculated
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Net result improved
Net result -665.4k NOK → -500.8k NOK (net margin -297.7% → -65.8%). Calculated
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Payroll decreased
Salary cost 737.3k NOK → 86.9k NOK (330% → 11% of revenue). Calculated
What deteriorated
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Equity eroded
Book equity -635.4k NOK → -1.14m NOK (equity ratio -9.9% → -19.5%). Calculated
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Cash fell
Bank deposits 804.0k NOK → 239.3k NOK (-70.2% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -19.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation