ADSERØ BIL AS: årsregnskap 2020 vs 2019
Grew 72% on revenue, stronger earnings
approved 2021-05-25; registry 2021-06-19; journal 2021 350965
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADSERØ BIL AS. Revenue 82.24m NOK → 141.44m NOK (+72.0%). Net result +517.6k NOK → +5.29m NOK. Equity 6.29m NOK → 10.55m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ADSERØ BIL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 82.24m NOK to 141.44m NOK (+72.0% YoY). Calculated
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↑
Net result improved
Net result +517.6k NOK → +5.29m NOK (net margin 0.6% → 3.7%). Calculated
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↑
Equity strengthened
Book equity 6.29m NOK → 10.55m NOK (equity ratio 48.4% → 57.9%). Calculated
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↑
Cash rose
Bank deposits 117.8k NOK → 946.5k NOK (+703.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +962.0k NOK → +39.0k NOK (op. margin 1.2% → 0.0%). Calculated
Things to notice
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·
Payroll increased
Salary cost 3.25m NOK → 3.79m NOK (4% → 3% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 74.10m NOK → 2.13bn NOK (+2769.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1.60m NOK → 1 604 NOK. Reported fact