ADAPTIVE FROG AS: årsregnskap 2018 vs 2017
Shrank 62% on revenue, stronger earnings
approved 2019-05-31; registry 2019-07-29; journal 2019 849586
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADAPTIVE FROG AS. Revenue 398.0k NOK → 150.0k NOK (-62.3%). Net result +60.5k NOK → +105.5k NOK. Equity 63.6k NOK → 11.17m NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADAPTIVE FROG AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +60.5k NOK → +105.5k NOK (net margin 15.2% → 70.4%). Calculated
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↑
Equity strengthened
Book equity 63.6k NOK → 11.17m NOK (equity ratio 30.7% → 4289.5%). Calculated
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↑
Cash rose
Bank deposits 207.0k NOK → 220.4k NOK (+6.4% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 398.0k NOK to 150.0k NOK (-62.3% YoY). Calculated
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↓
Operating result weakened
Operating result +115.6k NOK → +100.5k NOK (op. margin 29.0% → 67.0%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 0 NOK → 40.0k NOK. Reported fact