ADAPA SYSTEMS AS: årsregnskap 2018 vs 2017
Shrank 47% on revenue, cash halved-plus
approved 2019-05-24; registry 2019-06-18; journal 2019 459553
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADAPA SYSTEMS AS. Revenue 248.8k NOK → 131.0k NOK (-47.4%). Equity -471.7k NOK → -609.7k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADAPA SYSTEMS AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 248.8k NOK to 131.0k NOK (-47.4% YoY). Calculated
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Equity eroded
Book equity -471.7k NOK → -609.7k NOK (equity ratio -228.9% → -599.5%). Calculated
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Cash fell
Bank deposits 15.9k NOK → 7 190 NOK (-54.7% YoY). Calculated
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COGS moved
COGS / varekostnad -6 354 NOK → 52.4k NOK (+924.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -599.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation