ADA HOLDING AS: årsregnskap 2018 vs 2017
Weaker earnings, cash halved-plus
approved 2019-03-14; registry 2019-06-08; journal 2019 395976
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADA HOLDING AS. Net result -11.7k NOK → -60.1k NOK. Equity 303.3k NOK → 408.2k NOK.
On the constructive side: equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ADA HOLDING AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 303.3k NOK → 408.2k NOK (equity ratio 23.0% → 16.5%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +17.0k NOK → -44.6k NOK. Calculated
-
↓
Net result weakened
Net result -11.7k NOK → -60.1k NOK. Calculated
-
↓
Cash fell
Bank deposits 1.32m NOK → 1 874 NOK (-99.9% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 75.91× → 0.27× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.32m NOK → 1 874 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 315.0k NOK → 480 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 807 NOK → 2 447 NOK. Reported fact