ADAN MACHINERY AS: årsregnskap 2019 vs 2018
Grew 484% on revenue, cash halved-plus
approved 2021-03-13; registry 2021-03-17; journal 2021 151323
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADAN MACHINERY AS. Revenue 114.3k NOK → 668.0k NOK (+484.4%). Equity 176.3k NOK → 145.4k NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADAN MACHINERY AS.
At a glance
Scorecard
Revenue
114.3k NOK
668.0k NOK
+484.4%
Operating result
n/m
-19.0k NOK
—
Net result
n/m
-30.8k NOK
—
Equity
176.3k NOK
145.4k NOK
-17.5%
Cash
28.0k NOK
6 356 NOK
-77.3%
Total assets
367.1k NOK
378.7k NOK
+3.1%
What improved
-
↑
Revenue rose
Operating income / revenue moved from 114.3k NOK to 668.0k NOK (+484.4% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 176.3k NOK → 145.4k NOK (equity ratio 48.0% → 38.4%). Calculated
-
↓
Cash fell
Bank deposits 28.0k NOK → 6 356 NOK (-77.3% YoY). Calculated
Things to notice
-
·
COGS moved
COGS / varekostnad 147.6k NOK → 584.2k NOK (+295.7% YoY). Calculated