ADRIAN & CO AS: årsregnskap 2020 vs 2019
Shrank 15% on revenue, weaker earnings
approved 2021-08-27; registry 2021-09-20; journal 2021 722510
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADRIAN & CO AS. Revenue 567.7k NOK → 480.9k NOK (-15.3%). Net result +11.28m NOK → +2.03m NOK. Equity 78.36m NOK → 69.54m NOK.
On the constructive side: cash rose. 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 & CO AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 4.64m NOK → 13.22m NOK (+185.0% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 567.7k NOK to 480.9k NOK (-15.3% YoY). Calculated
-
↓
Operating result weakened
Operating result -296.6k NOK → -463.9k NOK (op. margin -52.2% → -96.5%). Calculated
-
↓
Net result weakened
Net result +11.28m NOK → +2.03m NOK (net margin 1986.9% → 422.6%). Calculated
-
↓
Equity eroded
Book equity 78.36m NOK → 69.54m NOK (equity ratio 92.8% → 87.8%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 395.6k NOK → 411.5k NOK (70% → 86% of revenue). Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 18.80m NOK → 14.58m NOK. Reported fact