ADAPA SYSTEMS AS: årsregnskap 2019 vs 2018
Shrank 77% on revenue, cash halved-plus
approved 2020-08-21; registry 2020-09-05; journal 2020 758213
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADAPA SYSTEMS AS. Revenue 131.0k NOK → 30.2k NOK (-76.9%). Equity -609.7k NOK → -1.29m NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. 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 131.0k NOK to 30.2k NOK (-76.9% YoY). Calculated
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↓
Equity eroded
Book equity -609.7k NOK → -1.29m NOK (equity ratio -599.5% → -1175.3%). Calculated
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↓
Cash fell
Bank deposits 7 190 NOK → 795 NOK (-88.9% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -1175.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 22.7k NOK → -502.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 52.4k NOK → 7 050 NOK (-86.5% YoY). Calculated