ADRIANS VERDEN AS: årsregnskap 2020 vs 2019
Shrank 100% on revenue, weaker earnings, cash halved-plus
approved 2021-06-21; registry 2021-07-10; journal 2021 466565
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADRIANS VERDEN AS. Revenue 140.0k NOK → 210 NOK (-99.8%). Net result -988.7k NOK → -1.76m NOK. Equity 3.34m NOK → 1.59m NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADRIANS VERDEN AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -988.8k NOK → -848.4k NOK (op. margin -706.3% → -403988.6%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 140.0k NOK to 210 NOK (-99.8% YoY). Calculated
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↓
Net result weakened
Net result -988.7k NOK → -1.76m NOK (net margin -706.2% → -837585.7%). Calculated
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↓
Equity eroded
Book equity 3.34m NOK → 1.59m NOK (equity ratio 18.4% → 5.8%). Calculated
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↓
Cash fell
Bank deposits 267.2k NOK → 88.7k NOK (-66.8% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost -2 973 NOK → 26.9k NOK (-2% → 12813% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation