ADSEO AS: årsregnskap 2020 vs 2019
Shrank 29% on revenue, slipped into loss, cash halved-plus
approved 2021-06-10; registry 2021-06-22; journal 2021 459915
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADSEO AS. Revenue 415.4k NOK → 293.9k NOK (-29.2%). Net result +61.2k NOK → -156.2k NOK. Equity -63.1k NOK → 4.20m NOK.
On the constructive side: equity strengthened; current ratio back above 1×; owners injected capital. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -63.1k NOK → 4.20m NOK (equity ratio -27.3% → 1030.4%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.79× → 1.96×. Calculated
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↑
Owners injected capital
Paid-in equity rose 30.0k NOK → 448.8k NOK (+418.8k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 415.4k NOK to 293.9k NOK (-29.2% YoY). Calculated
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↓
Operating result weakened
Operating result +61.6k NOK → -144.1k NOK (op. margin 14.8% → -49.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 61.2k NOK profit to a loss of 156.2k NOK. Calculated
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↓
Cash fell
Bank deposits 134.0k NOK → 590 NOK (-99.6% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 78.5k NOK → 2.27m NOK (19% → 771% of revenue). Calculated