AD2R HOLDING AS: årsregnskap 2019 vs 2018
Grew 37% on revenue, cash halved-plus
approved 2020-07-02; registry 2020-07-14; journal 2020 570437
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AD2R HOLDING AS. Revenue 8.81m NOK → 12.09m NOK (+37.2%). Net result +548.7k NOK → +545.6k NOK. Equity 936.1k NOK → 781.7k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded; cash fell.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for AD2R HOLDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 8.81m NOK to 12.09m NOK (+37.2% YoY). Calculated
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↑
Operating result improved
Operating result +337.1k NOK → +3.27m NOK (op. margin 3.8% → 27.0%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 936.1k NOK → 781.7k NOK (equity ratio 28.3% → 13.6%). Calculated
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↓
Cash fell
Bank deposits 516.2k NOK → 152.8k NOK (-70.4% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 3.19m NOK → 3.50m NOK (36% → 29% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 3.57m NOK → 3.72m NOK (+4.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 641.5k NOK → 267.9k NOK. Reported fact