ADAPA AS: årsregnskap 2019 vs 2018
Grew 182% on revenue, weaker earnings, cash halved-plus
approved 2021-04-19; registry 2021-05-03; journal 2021 247198
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADAPA AS. Revenue 300.9k NOK → 847.1k NOK (+181.5%). Net result +1.44m NOK → +176.2k NOK. Equity 12.09m NOK → 9.97m NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ADAPA AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 300.9k NOK to 847.1k NOK (+181.5% YoY). Calculated
-
↑
Operating result improved
Operating result -1.08m NOK → +512.4k NOK (op. margin -357.4% → 60.5%). Calculated
What deteriorated
-
↓
Net result weakened
Net result +1.44m NOK → +176.2k NOK (net margin 479.3% → 20.8%). Calculated
-
↓
Equity eroded
Book equity 12.09m NOK → 9.97m NOK (equity ratio 81.6% → 91.3%). Calculated
-
↓
Cash fell
Bank deposits 2.47m NOK → 772.6k NOK (-68.8% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.47m NOK → 772.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Book investments changed
Investment / intangible book value 711.0k NOK → 6 311 NOK. Reported fact