ADRIAN MEDICAL AS: årsregnskap 2020 vs 2019
Grew 64% on revenue, stronger earnings, cash halved-plus
approved 2021-08-20; registry 2021-08-25; journal 2021 678468
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADRIAN MEDICAL AS. Revenue 1.43m NOK → 2.35m NOK (+64.4%). Net result +527.7k NOK → +783.6k NOK. Equity 1.59m NOK → 2.38m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.43m NOK to 2.35m NOK (+64.4% YoY). Calculated
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↑
Net result improved
Net result +527.7k NOK → +783.6k NOK (net margin 37.0% → 33.4%). Calculated
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↑
Equity strengthened
Book equity 1.59m NOK → 2.38m NOK (equity ratio 91.5% → 87.7%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +676.5k NOK → +517.3k NOK (op. margin 47.4% → 22.0%). Calculated
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↓
Cash fell
Bank deposits 539.7k NOK → 34.1k NOK (-93.7% YoY). Calculated