ADAPTIV ARKITEKTUR AS: årsregnskap 2018 vs 2017
Shrank 14% on revenue, stronger earnings
approved 2019-05-28; registry 2019-08-03; journal 2019 857308
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADAPTIV ARKITEKTUR AS. Revenue 2.63m NOK → 2.28m NOK (-13.5%). Net result +2 395 NOK → +470.3k NOK. Equity 421.0k NOK → -49.3k NOK.
On the constructive side: net result improved; cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADAPTIV ARKITEKTUR AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +2 395 NOK → +470.3k NOK (net margin 0.1% → 20.6%). Calculated
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Cash rose
Bank deposits 55.7k NOK → 225.1k NOK (+304.0% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 2.63m NOK to 2.28m NOK (-13.5% YoY). Calculated
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Operating result weakened
Operating result +556.0k NOK → +466.6k NOK (op. margin 21.1% → 20.5%). Calculated
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Equity eroded
Book equity 421.0k NOK → -49.3k NOK (equity ratio 59.2% → -8.2%). Calculated
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Current ratio dropped below 1×
Current ratio 2.44× → 0.92× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 1.48m NOK → 2.20m NOK (56% → 97% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -8.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 59.4k NOK → 6 526 NOK (-89.0% YoY). Calculated