ADRIAN EIENDOM AS: årsregnskap 2020 vs 2019
Shrank 56% on revenue, weaker earnings
approved 2021-04-29; registry 2021-05-18; journal 2021 297056
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADRIAN EIENDOM AS. Revenue 5.63m NOK → 2.47m NOK (-56.1%). Net result +3.44m NOK → +475.5k NOK. Equity 7.60m NOK → 8.07m NOK.
On the constructive side: equity strengthened; cash rose; current ratio back above 1×. 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 EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 7.60m NOK → 8.07m NOK (equity ratio 51.5% → 40.5%). Calculated
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↑
Cash rose
Bank deposits 237.0k NOK → 1.50m NOK (+532.5% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.75× → 4.39×. Calculated
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Payroll decreased
Salary cost 35.2k NOK → 23.7k NOK (1% → 1% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.63m NOK to 2.47m NOK (-56.1% YoY). Calculated
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↓
Operating result weakened
Operating result +4.35m NOK → +902.0k NOK (op. margin 77.3% → 36.5%). Calculated
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↓
Net result weakened
Net result +3.44m NOK → +475.5k NOK (net margin 61.1% → 19.2%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 825.8k NOK → 825 NOK. Reported fact