Org.nr 939 000 313 2019 → 2020 Year-over-year analysis

ADWANS AS: årsregnskap 2020 vs 2019

Grew 58% on revenue

approved 2021-02-10; registry 2021-03-30; journal 2021 176800

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADWANS AS. Revenue 319.2k NOK → 505.8k NOK (+58.4%). Equity -589.8k NOK → -372.4k NOK.

On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: cash fell.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADWANS AS.

At a glance

Revenue

319.2k NOK 505.8k NOK

+58.4%

Operating result

+18.7k NOK +217.3k NOK

+1059.1%

Net result

n/m +217.4k NOK

—

Equity

-589.8k NOK -372.4k NOK

+36.9%

Cash

97.0k NOK 75.6k NOK

-22.0%

Total assets

97 NOK 75.6k NOK

+77886.6%

↑
Revenue rose

Operating income / revenue moved from 319.2k NOK to 505.8k NOK (+58.4% YoY). Calculated
↑
Operating result improved

Operating result +18.7k NOK → +217.3k NOK (op. margin 5.9% → 43.0%). Calculated
↑
Equity strengthened

Book equity -589.8k NOK → -372.4k NOK (equity ratio -608045.4% → -492.3%). Calculated
↑
Payroll decreased

Salary cost 63.1k NOK → 33.9k NOK (20% → 7% of revenue). Calculated