ADAKS HOLDING AS: årsregnskap 2019 vs 2018
Shrank 55% on revenue, weaker earnings, cash halved-plus
approved 2020-08-31; registry 2020-09-24; journal 2020 851090
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADAKS HOLDING AS. Revenue 6.35m NOK → 2.84m NOK (-55.2%). Net result +505.9k NOK → +340.2k NOK. Equity 6.78m NOK → 6.97m NOK.
On the constructive side: operating result improved; equity strengthened. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADAKS HOLDING AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +1.46m NOK → +1.55m NOK (op. margin 22.9% → 54.3%). Calculated
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↑
Equity strengthened
Book equity 6.78m NOK → 6.97m NOK (equity ratio 19.6% → 18.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.35m NOK to 2.84m NOK (-55.2% YoY). Calculated
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↓
Net result weakened
Net result +505.9k NOK → +340.2k NOK (net margin 8.0% → 12.0%). Calculated
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↓
Cash fell
Bank deposits 683.2k NOK → 126.8k NOK (-81.4% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 3.44m NOK → 115.6k NOK (-96.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 6.12m NOK → 5.99m NOK. Reported fact