ADACC INVEST AS: årsregnskap 2018 vs 2017
Grew 339% on revenue, weaker earnings, cash halved-plus
approved 2019-05-21; registry 2019-08-07; journal 2019 896228
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADACC INVEST AS. Revenue 8 894 NOK → 39.0k NOK (+338.9%). Net result +625.5k NOK → +19.7k NOK. Equity 2.83m NOK → 2.85m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADACC INVEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 8 894 NOK to 39.0k NOK (+338.9% YoY). Calculated
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↑
Operating result improved
Operating result -13.8k NOK → +28.0k NOK (op. margin -155.0% → 71.6%). Calculated
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↑
Equity strengthened
Book equity 2.83m NOK → 2.85m NOK (equity ratio 30.2% → 30.2%). Calculated
What deteriorated
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↓
Net result weakened
Net result +625.5k NOK → +19.7k NOK (net margin 7033.3% → 50.5%). Calculated
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↓
Cash fell
Bank deposits 36.6k NOK → 197 NOK (-99.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.13× → 0.19× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 9.18m NOK → 9.28m NOK. Reported fact