ADWIZO AS: årsregnskap 2020 vs 2019
Shrank 100% on revenue, weaker earnings
approved 2021-05-31; registry 2021-08-31; journal 2021 701927
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADWIZO AS. Revenue 912.7k NOK → 943 NOK (-99.9%). Net result +37.7k NOK → +2 667 NOK. Equity 34.9k NOK → 37.5k NOK.
On the constructive side: operating result improved; equity strengthened; payroll decreased. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADWIZO AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +27.1k NOK → +39.6k NOK (op. margin 3.0% → 4197.9%). Calculated
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Equity strengthened
Book equity 34.9k NOK → 37.5k NOK (equity ratio 5.0% → 4.9%). Calculated
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Payroll decreased
Salary cost 9.73m NOK → 2 NOK (1066% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 912.7k NOK to 943 NOK (-99.9% YoY). Calculated
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↓
Net result weakened
Net result +37.7k NOK → +2 667 NOK (net margin 4.1% → 282.8%). Calculated
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Cash fell
Bank deposits 94.1k NOK → 76.1k NOK (-19.2% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 4.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation