ADAMS BYGGESERVICE AS: årsregnskap 2019 vs 2018
Shrank 75% on revenue, cash halved-plus
approved 2020-03-16; registry 2020-03-28; journal 2020 261197
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADAMS BYGGESERVICE AS. Revenue 963.0k NOK → 245.0k NOK (-74.6%). Equity 786 NOK → -227 NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADAMS BYGGESERVICE AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 3.43m NOK → 3.23m NOK (356% → 1317% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 963.0k NOK to 245.0k NOK (-74.6% YoY). Calculated
-
↓
Operating result weakened
Operating result +136.9k NOK → -225.9k NOK (op. margin 14.2% → -92.2%). Calculated
-
↓
Equity eroded
Book equity 786 NOK → -227 NOK (equity ratio 0.2% → -0.5%). Calculated
-
↓
Cash fell
Bank deposits 320.5k NOK → 47.7k NOK (-85.1% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.00× → 0.17× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -0.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 278.4k NOK → 163.7k NOK (-41.2% YoY). Calculated