ADS AIRPORT SERVICES AS: årsregnskap 2020 vs 2019
Grew 913% on revenue, stronger earnings
approved 2021-08-31; registry 2021-10-25; journal 2021 863562
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADS AIRPORT SERVICES AS. Revenue 199.0k NOK → 2.02m NOK (+913.2%). Net result -1.42m NOK → -776.6k NOK. Equity -1.20m NOK → -1.98m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADS AIRPORT SERVICES AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 199.0k NOK to 2.02m NOK (+913.2% YoY). Calculated
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Operating result improved
Operating result -1.14m NOK → -5 191 NOK (op. margin -572.1% → -0.3%). Calculated
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Net result improved
Net result -1.42m NOK → -776.6k NOK (net margin -713.8% → -38.5%). Calculated
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Cash rose
Bank deposits 2.27m NOK → 2.63m NOK (+15.9% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity -1.20m NOK → -1.98m NOK (equity ratio -15.0% → -30.8%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -30.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 662.7k NOK → 1 992 NOK (-99.7% YoY). Calculated