AD MEN AS: årsregnskap 2019 vs 2018
Grew 136% on revenue, slipped into loss
approved 2020-01-28; registry 2020-02-10; journal 2020 207799
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AD MEN AS. Revenue 194.8k NOK → 460.1k NOK (+136.2%). Net result +64.4k NOK → -103.0k NOK. Equity 85.6k NOK → -17.4k NOK.
On the constructive side: revenue rose. Pressures included: fell into a net loss; equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for AD MEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 194.8k NOK to 460.1k NOK (+136.2% YoY). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 64.4k NOK profit to a loss of 103.0k NOK. Calculated
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↓
Equity eroded
Book equity 85.6k NOK → -17.4k NOK (equity ratio 61.3% → -35.9%). Calculated
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↓
Cash fell
Bank deposits 34.7k NOK → 26.4k NOK (-24.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.58× → 0.74× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -35.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 3 NOK → 3.43m NOK (0% → 746% of revenue). Calculated