AD HOC MANAGEMENT AS: årsregnskap 2019 vs 2018
Stronger earnings
approved 2020-04-20; registry 2020-07-21; journal 2020 611644
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AD HOC MANAGEMENT AS. Revenue 793.1k NOK → 782.7k NOK (-1.3%). Net result +254.2k NOK → +1.29m NOK. Equity 44.3k NOK → 31.6k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AD HOC MANAGEMENT AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +318.2k NOK → +661.6k NOK (op. margin 40.1% → 84.5%). Calculated
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Net result improved
Net result +254.2k NOK → +1.29m NOK (net margin 32.0% → 164.8%). Calculated
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Cash rose
Bank deposits 475.3k NOK → 962.6k NOK (+102.5% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.94× → 3.95×. Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 793.1k NOK to 782.7k NOK (-1.3% YoY). Calculated
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Equity eroded
Book equity 44.3k NOK → 31.6k NOK (equity ratio 4.8% → 14.7%). Calculated
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Payroll up without matching revenue
Salary cost 1 406 NOK → 1.74m NOK (0% → 223% of revenue). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 100.0k NOK → 490 NOK. Reported fact