ADAPTIV ARKITEKTUR AS: årsregnskap 2019 vs 2018
Grew 10% on revenue, slipped into loss, cash halved-plus
approved 2020-04-03; registry 2020-06-18; journal 2020 457073
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADAPTIV ARKITEKTUR AS. Revenue 2.28m NOK → 2.50m NOK (+9.8%). Net result +470.3k NOK → -105.1k NOK. Equity -49.3k NOK → -154.4k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADAPTIV ARKITEKTUR AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 2.28m NOK to 2.50m NOK (+9.8% YoY). Calculated
-
↑
Payroll decreased
Salary cost 2.20m NOK → 2.14m NOK (97% → 85% of revenue). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +466.6k NOK → -85.3k NOK (op. margin 20.5% → -3.4%). Calculated
-
↓
Fell into a net loss
Net result flipped from 470.3k NOK profit to a loss of 105.1k NOK. Calculated
-
↓
Equity eroded
Book equity -49.3k NOK → -154.4k NOK (equity ratio -8.2% → -28.7%). Calculated
-
↓
Cash fell
Bank deposits 225.1k NOK → 44.2k NOK (-80.4% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -28.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation