ADRIAN MALERSERVICE AS: årsregnskap 2020 vs 2019
Grew 12% on revenue, stronger earnings
approved 2021-03-08; registry 2021-08-03; journal 2021 570584
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADRIAN MALERSERVICE AS. Revenue 7.51m NOK → 8.42m NOK (+12.1%). Net result +598.7k NOK → +801.1k NOK. Equity 929.5k NOK → 30.2k NOK.
On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADRIAN MALERSERVICE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 7.51m NOK to 8.42m NOK (+12.1% YoY). Calculated
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Net result improved
Net result +598.7k NOK → +801.1k NOK (net margin 8.0% → 9.5%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +764.2k NOK → +25.4k NOK (op. margin 10.2% → 0.3%). Calculated
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↓
Equity eroded
Book equity 929.5k NOK → 30.2k NOK (equity ratio 32.6% → 1.0%). Calculated
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↓
Cash fell
Bank deposits 1.80m NOK → 1.50m NOK (-16.3% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 1.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 602.4k NOK → 290.3k NOK (-51.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 200.2k NOK → 50.1k NOK. Reported fact