ADATO AS: årsregnskap 2018 vs 2017
Grew 31% on revenue, stronger earnings, cash halved-plus
approved 2019-02-25; registry 2019-03-09; journal 2019 229343
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADATO AS. Revenue 2.29m NOK → 2.99m NOK (+30.7%). Net result 0 NOK → +416.4k NOK. Equity 110.3k NOK → 110.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADATO AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.29m NOK to 2.99m NOK (+30.7% YoY). Calculated
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Operating result improved
Operating result +131.8k NOK → +531.0k NOK (op. margin 5.8% → 17.7%). Calculated
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Net result improved
Net result 0 NOK → +416.4k NOK (net margin 0.0% → 13.9%). Calculated
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Current ratio back above 1×
Current ratio 0.03× → 3.49×. Calculated
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Payroll decreased
Salary cost 2.01m NOK → 1.96m NOK (88% → 65% of revenue). Calculated
What deteriorated
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Cash fell
Bank deposits 651.9k NOK → 8 993 NOK (-98.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 7.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation