AD METAM AS: årsregnskap 2019 vs 2018
Shrank 97% on revenue, slipped into loss, cash halved-plus
approved 2020-08-31; registry 2020-10-05; journal 2020 906003
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AD METAM AS. Revenue 14.76m NOK → 440.1k NOK (-97.0%). Net result +1.54m NOK → -2.57m NOK. Equity 2.68m NOK → 5.10m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for AD METAM AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 2.68m NOK → 5.10m NOK (equity ratio 78.2% → 4922.4%). Calculated
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↑
Payroll decreased
Salary cost 3.84m NOK → -2 000 NOK (26% → -0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 14.76m NOK to 440.1k NOK (-97.0% YoY). Calculated
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↓
Operating result weakened
Operating result +2.15m NOK → -1.58m NOK (op. margin 14.6% → -358.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 1.54m NOK profit to a loss of 2.57m NOK. Calculated
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↓
Cash fell
Bank deposits 826.8k NOK → 43.6k NOK (-94.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.30× → 0.14× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 881.9k NOK → 604.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 6.00m NOK → 6 NOK (-100.0% YoY). Calculated