ADWATER AS: årsregnskap 2020 vs 2019
Grew 55196% on revenue, slipped into loss, cash halved-plus
approved 2020-12-31; registry 2021-08-18; journal 2021 643515
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADWATER AS. Revenue 1 276 NOK → 705.6k NOK (+55195.7%). Net result +106.6k NOK → -97.9k NOK. Equity 6.13m NOK → 36.5k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADWATER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 276 NOK to 705.6k NOK (+55195.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +10 NOK → -91.9k NOK (op. margin 0.8% → -13.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 106.6k NOK profit to a loss of 97.9k NOK. Calculated
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↓
Equity eroded
Book equity 6.13m NOK → 36.5k NOK (equity ratio 2197.9% → 17.0%). Calculated
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↓
Cash fell
Bank deposits 153.6k NOK → 26.8k NOK (-82.5% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 823.2k NOK → 581.9k NOK (-29.3% YoY). Calculated