FirmaIQ
Org.nr 934 332 075 2018 → 2019 Year-over-year analysis

ADAM OG EVA GRUPPEN AS: årsregnskap 2019 vs 2018

Grew 7% on revenue, stronger earnings, cash halved-plus

approved 2020-05-26; registry 2020-09-12; journal 2020 796317

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADAM OG EVA GRUPPEN AS. Revenue 18.31m NOK → 19.64m NOK (+7.3%). Net result +2.37m NOK → +9.19m NOK. Equity 25.20m NOK → 24.92m NOK.

On the constructive side: revenue rose; net result improved; payroll decreased. Pressures included: equity eroded; cash fell.

Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for ADAM OG EVA GRUPPEN AS.

At a glance

Scorecard

Revenue
18.31m NOK 19.64m NOK
+7.3%
Operating result
n/m +1.83m NOK
—
Net result
+2.37m NOK +9.19m NOK
+287.3%
Equity
25.20m NOK 24.92m NOK
-1.1%
Cash
3.84m NOK 1.27m NOK
-67.1%
Total assets
46.58m NOK 41.31m NOK
-11.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 18.31m NOK to 19.64m NOK (+7.3% YoY). Calculated

  • ↑

    Net result improved

    Net result +2.37m NOK → +9.19m NOK (net margin 13.0% → 46.8%). Calculated

  • ↑

    Payroll decreased

    Salary cost 57.20m NOK → 4.63m NOK (312% → 24% of revenue). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 25.20m NOK → 24.92m NOK (equity ratio 54.1% → 60.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 3.84m NOK → 1.27m NOK (-67.1% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (3.84m NOK → 1.27m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 287.3k NOK → 85.7k NOK (-70.2% YoY). Calculated