ADROIT AS: årsregnskap 2020 vs 2019
Shrank 22% on revenue, slipped into loss
approved 2022-05-04; registry 2022-06-18; journal 2022 470864
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADROIT AS. Revenue 1 431 NOK → 1 116 NOK (-22.0%). Net result +39.8k NOK → -286.7k NOK. Equity 182.3k NOK → -167.9k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for ADROIT AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 784.2k NOK → 360.1k NOK (54799% → 32265% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1 431 NOK to 1 116 NOK (-22.0% YoY). Calculated
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↓
Operating result weakened
Operating result +41.5k NOK → -284.6k NOK (op. margin 2897.8% → -25502.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 39.8k NOK profit to a loss of 286.7k NOK. Calculated
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↓
Equity eroded
Book equity 182.3k NOK → -167.9k NOK (equity ratio 18.5% → -18.6%). Calculated
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↓
Cash fell
Bank deposits 127.8k NOK → 93.8k NOK (-26.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -18.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 182.3k NOK → 30.0k NOK — check capital reduction, conversion, or reclassification. Interpretation