AD:NUM AS: årsregnskap 2019 vs 2018
Stronger earnings, cash halved-plus
approved 2020-06-30; registry 2020-07-09; journal 2020 555968
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AD:NUM AS. Revenue 661.0k NOK → 631.8k NOK (-4.4%). Net result +35.2k NOK → +76.7k NOK. Equity 60.3k NOK → 137.0k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for AD:NUM AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +46.8k NOK → +98.3k NOK (op. margin 7.1% → 15.6%). Calculated
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↑
Net result improved
Net result +35.2k NOK → +76.7k NOK (net margin 5.3% → 12.1%). Calculated
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↑
Equity strengthened
Book equity 60.3k NOK → 137.0k NOK (equity ratio 8.3% → 16.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 661.0k NOK to 631.8k NOK (-4.4% YoY). Calculated
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↓
Cash fell
Bank deposits 2.16m NOK → 33.8k NOK (-98.4% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 470.2k NOK → 477.4k NOK (71% → 76% of revenue). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.16m NOK → 33.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation