ADAN MACHINERY AS: årsregnskap 2018 vs 2017
Shrank 70% on revenue
approved 2019-09-29; registry 2019-10-01; journal 2019 938690
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADAN MACHINERY AS. Revenue 379.8k NOK → 114.3k NOK (-69.9%). Equity 298.8k NOK → 176.3k NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADAN MACHINERY AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 4 752 NOK → 28.0k NOK (+488.3% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.02× → 4.96×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 379.8k NOK to 114.3k NOK (-69.9% YoY). Calculated
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↓
Equity eroded
Book equity 298.8k NOK → 176.3k NOK (equity ratio 38.4% → 48.0%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 730.1k NOK → 147.6k NOK (-79.8% YoY). Calculated