ADAPTER MEDIA AS: årsregnskap 2018 vs 2017
Shrank 100% on revenue
approved 2019-02-19; registry 2019-02-25; journal 2019 214609
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADAPTER MEDIA AS. Revenue 312 NOK → 0 NOK (-100.0%). Equity 14.0k NOK → -1 580 NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADAPTER MEDIA AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -20.7k NOK → -15.6k NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 312 NOK to 0 NOK (-100.0% YoY). Calculated
-
↓
Equity eroded
Book equity 14.0k NOK → -1 580 NOK (equity ratio 38.1% → -7.8%). Calculated
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↓
Cash fell
Bank deposits 36.5k NOK → 20.3k NOK (-44.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.62× → 0.93× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -7.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation