ADUNDAS DESIGN AS: årsregnskap 2020 vs 2019
Shrank 29% on revenue, stronger earnings
approved 2021-08-30; registry 2021-09-06; journal 2021 727002
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADUNDAS DESIGN AS. Revenue 2.08m NOK → 1.47m NOK (-29.4%). Net result +142.7k NOK → +575.9k NOK. Equity 53.7k NOK → 115.5k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADUNDAS DESIGN AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +201.9k NOK → +746.6k NOK (op. margin 9.7% → 50.9%). Calculated
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Net result improved
Net result +142.7k NOK → +575.9k NOK (net margin 6.9% → 39.3%). Calculated
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Equity strengthened
Book equity 53.7k NOK → 115.5k NOK (equity ratio 10.6% → 17.1%). Calculated
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Cash rose
Bank deposits 23.3k NOK → 96.9k NOK (+316.3% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.08m NOK to 1.47m NOK (-29.4% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.44m NOK → 3.34m NOK (69% → 228% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 89.6k NOK → 8 265 NOK (-90.8% YoY). Calculated