ADRIEN MANN AGENTURER AS: årsregnskap 2020 vs 2019
Stronger earnings, cash halved-plus
approved 2021-06-07; registry 2021-07-12; journal 2021 474615
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADRIEN MANN AGENTURER AS. Revenue 13.08m NOK → 12.53m NOK (-4.2%). Net result -1.71m NOK → -1.03m NOK. Equity 14 NOK → -2.37m NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADRIEN MANN AGENTURER AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -1.60m NOK → -926.2k NOK (op. margin -12.2% → -7.4%). Calculated
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Net result improved
Net result -1.71m NOK → -1.03m NOK (net margin -13.1% → -8.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 13.08m NOK to 12.53m NOK (-4.2% YoY). Calculated
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↓
Equity eroded
Book equity 14 NOK → -2.37m NOK (equity ratio 0.0% → -55.9%). Calculated
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↓
Cash fell
Bank deposits 207.0k NOK → 69.7k NOK (-66.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -55.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 6.25m NOK → 4.69m NOK (-25.0% YoY). Calculated