ADALIA AS: årsregnskap 2019 vs 2018
Shrank 6% on revenue, stronger earnings
approved 2020-05-22; registry 2020-06-10; journal 2020 414230
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADALIA AS. Revenue 1.76m NOK → 1.65m NOK (-5.8%). Net result +5 128 NOK → +421.6k NOK. Equity -10.2k NOK → 32.0k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADALIA AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -118.2k NOK → +84.7k NOK (op. margin -6.7% → 5.1%). Calculated
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Net result improved
Net result +5 128 NOK → +421.6k NOK (net margin 0.3% → 25.5%). Calculated
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Equity strengthened
Book equity -10.2k NOK → 32.0k NOK (equity ratio -4.5% → 13.7%). Calculated
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Current ratio back above 1×
Current ratio 0.96× → 1.16×. Calculated
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Payroll decreased
Salary cost 479.8k NOK → 1 990 NOK (27% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.76m NOK to 1.65m NOK (-5.8% YoY). Calculated
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↓
Cash fell
Bank deposits 204.6k NOK → 156.4k NOK (-23.5% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 758.4k NOK → 238.8k NOK (-68.5% YoY). Calculated