Org.nr 979 844 298 2018 → 2019 Year-over-year analysis

AD LAGUN AS: årsregnskap 2019 vs 2018

Shrank 60% on revenue, cash halved-plus

approved 2020-08-31; registry 2020-09-17; journal 2020 822111

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for AD LAGUN AS. Revenue 2.70m NOK → 1.07m NOK (-60.3%). Equity 4.76m NOK → 3.58m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.

Net tougher year on the published lines.

At a glance

Revenue

2.70m NOK 1.07m NOK

-60.3%

Operating result

n/m -1.13m NOK

—

Net result

n/m -1.19m NOK

—

Equity

4.76m NOK 3.58m NOK

-24.9%

Cash

522.5k NOK 38.6k NOK

-92.6%

Total assets

6.95m NOK 3.77m NOK

-45.7%

↑
Payroll decreased

Salary cost 486.9k NOK → 183.3k NOK (18% → 17% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 2.70m NOK to 1.07m NOK (-60.3% YoY). Calculated
↓
Equity eroded

Book equity 4.76m NOK → 3.58m NOK (equity ratio 68.6% → 94.8%). Calculated
↓
Cash fell

Bank deposits 522.5k NOK → 38.6k NOK (-92.6% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.35× → 0.31× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated