ADRIATIC BAR OG CATERING AS: årsregnskap 2020 vs 2019
Grew 29% on revenue, stronger earnings, cash halved-plus
approved 2020-12-31; registry 2021-05-18; journal 2021 295624
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADRIATIC BAR OG CATERING AS. Revenue 815.6k NOK → 1.05m NOK (+28.7%). Net result +9 600 NOK → +69.6k NOK. Equity 77.6k NOK → 11.14m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADRIATIC BAR OG CATERING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 815.6k NOK to 1.05m NOK (+28.7% YoY). Calculated
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Operating result improved
Operating result +25.5k NOK → +92.1k NOK (op. margin 3.1% → 8.8%). Calculated
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Net result improved
Net result +9 600 NOK → +69.6k NOK (net margin 1.2% → 6.6%). Calculated
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Equity strengthened
Book equity 77.6k NOK → 11.14m NOK (equity ratio 22.4% → 3366.6%). Calculated
What deteriorated
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Cash fell
Bank deposits 203.4k NOK → 86.8k NOK (-57.3% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 678.9k NOK → 312.6k NOK (-54.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 56.1k NOK → 61.4k NOK. Reported fact