ADAPT CONSULTING AS: årsregnskap 2019 vs 2018
Shrank 62% on revenue
approved 2020-03-12; registry 2020-03-16; journal 2020 244104
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADAPT CONSULTING AS. Revenue 5.40m NOK → 2.04m NOK (-62.3%). Net result +906.2k NOK → +802.6k NOK. Equity 921.2k NOK → 10 NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for ADAPT CONSULTING AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 2.83m NOK → 1 NOK (52% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.40m NOK to 2.04m NOK (-62.3% YoY). Calculated
-
↓
Net result weakened
Net result +906.2k NOK → +802.6k NOK (net margin 16.8% → 39.4%). Calculated
-
↓
Equity eroded
Book equity 921.2k NOK → 10 NOK (equity ratio 37.6% → 0.0%). Calculated
-
↓
Cash fell
Bank deposits 1.76m NOK → 1.24m NOK (-29.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 400.0k NOK → 30.0k NOK — check capital reduction, conversion, or reclassification. Interpretation