ADAPA AS: årsregnskap 2018 vs 2017
Shrank 9% on revenue, returned to profit
approved 2020-01-31; registry 2020-02-03; journal 2020 205669
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADAPA AS. Revenue 329.2k NOK → 300.9k NOK (-8.6%). Net result -823.4k NOK → +1.44m NOK. Equity 12.95m NOK → 12.09m NOK.
On the constructive side: turned profitable; cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADAPA AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 823.4k NOK to a profit of 1.44m NOK. Calculated
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↑
Cash rose
Bank deposits 1.40m NOK → 2.47m NOK (+76.6% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 329.2k NOK to 300.9k NOK (-8.6% YoY). Calculated
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↓
Operating result weakened
Operating result -716.1k NOK → -1.08m NOK (op. margin -217.6% → -357.4%). Calculated
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↓
Equity eroded
Book equity 12.95m NOK → 12.09m NOK (equity ratio 83.6% → 81.6%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 294.2k NOK → 711.0k NOK. Reported fact