ADAPTIVE MEASUREMENT SYSTEMS AS: årsregnskap 2019 vs 2018
Shrank 89% on revenue, weaker earnings
approved 2020-02-29; registry 2020-05-04; journal 2020 325742
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADAPTIVE MEASUREMENT SYSTEMS AS. Revenue 106.1k NOK → 11.7k NOK (-88.9%). Net result +277.9k NOK → +40.3k NOK. Equity -115.7k NOK → -156.1k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADAPTIVE MEASUREMENT SYSTEMS AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 106.1k NOK to 11.7k NOK (-88.9% YoY). Calculated
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Operating result weakened
Operating result +277.5k NOK → -39.0k NOK (op. margin 261.6% → -332.4%). Calculated
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Net result weakened
Net result +277.9k NOK → +40.3k NOK (net margin 262.0% → 343.5%). Calculated
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Equity eroded
Book equity -115.7k NOK → -156.1k NOK (equity ratio -63.6% → -123.8%). Calculated
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Cash fell
Bank deposits 94.9k NOK → 63.1k NOK (-33.5% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -123.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation