AD UNDAS AS: årsregnskap 2019 vs 2018
Shrank 32% on revenue, returned to profit
approved 2020-08-31; registry 2020-09-24; journal 2020 851564
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AD UNDAS AS. Revenue 7.60m NOK → 5.16m NOK (-32.1%). Net result -229.6k NOK → +98.8k NOK. Equity -139.7k NOK → -40.9k NOK.
On the constructive side: turned profitable; equity strengthened; cash rose. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AD UNDAS AS.
At a glance
Scorecard
What improved
-
↑
Turned profitable
Net result flipped from a loss of 229.6k NOK to a profit of 98.8k NOK. Calculated
-
↑
Equity strengthened
Book equity -139.7k NOK → -40.9k NOK (equity ratio -6.5% → -2.9%). Calculated
-
↑
Cash rose
Bank deposits 136.9k NOK → 447.1k NOK (+226.5% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 7.60m NOK to 5.16m NOK (-32.1% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 1.40m NOK → 2.94m NOK (18% → 57% of revenue). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 5.00m NOK → 3.06m NOK (-38.7% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 3 000 NOK → 200 NOK. Reported fact