AD NOTAM FORLAG AS: årsregnskap 2019 vs 2018
Another loss-making year
approved 2020-06-30; registry 2020-08-19; journal 2020 680604
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AD NOTAM FORLAG AS. Revenue 611.6k NOK → 594.2k NOK (-2.8%). Equity 64.3k NOK → -314.2k NOK.
On the constructive side: operating result improved; cash rose; payroll decreased. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AD NOTAM FORLAG AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -423.3k NOK → -370.8k NOK (op. margin -69.2% → -62.4%). Calculated
-
↑
Cash rose
Bank deposits 78.7k NOK → 497.4k NOK (+532.0% YoY). Calculated
-
↑
Payroll decreased
Salary cost 77.3k NOK → 4 NOK (13% → 0% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 611.6k NOK to 594.2k NOK (-2.8% YoY). Calculated
-
↓
Equity eroded
Book equity 64.3k NOK → -314.2k NOK (equity ratio 18.3% → -61.1%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.05× → 0.62× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
COGS moved
COGS / varekostnad 504.8k NOK → 774.7k NOK (+53.5% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -61.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation