ADWIST BYGG AS: årsregnskap 2020 vs 2019
Grew 18079% on revenue, slipped into loss
approved 2021-06-30; registry 2021-07-19; journal 2021 581092
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADWIST BYGG AS. Revenue 14.1k NOK → 2.56m NOK (+18079.3%). Net result +1 594 NOK → -39.2k NOK. Equity -55.6k NOK → -94.8k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADWIST BYGG AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 14.1k NOK to 2.56m NOK (+18079.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1 610 NOK → -35.4k NOK (op. margin 11.4% → -1.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 1 594 NOK profit to a loss of 39.2k NOK. Calculated
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↓
Equity eroded
Book equity -55.6k NOK → -94.8k NOK (equity ratio -17.5% → -19.9%). Calculated
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↓
Cash fell
Bank deposits 277.0k NOK → 248.8k NOK (-10.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -19.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 406.7k NOK → 1.64m NOK (2887% → 64% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 365.2k NOK → 615.8k NOK (+68.6% YoY). Calculated