ADACC INTERNATIONAL AS: årsregnskap 2019 vs 2018
Shrank 100% on revenue, weaker earnings
approved 2020-06-26; registry 2020-10-12; journal 2020 926142
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADACC INTERNATIONAL AS. Revenue 488 NOK → 0 NOK (-100.0%). Net result +53.1k NOK → +19.4k NOK. Equity 1.32m NOK → 1.30m NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADACC INTERNATIONAL AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 7 628 NOK → 27.7k NOK (+263.1% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.75× → 1.22×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 488 NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Operating result weakened
Operating result -16.1k NOK → -18.5k NOK. Calculated
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↓
Net result weakened
Net result +53.1k NOK → +19.4k NOK. Calculated
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↓
Equity eroded
Book equity 1.32m NOK → 1.30m NOK (equity ratio 38.3% → 35.4%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 227.0k NOK → 257 NOK. Reported fact