ADAX NORGE AS: årsregnskap 2018 vs 2017
Shrank 14% on revenue, weaker earnings
approved 2019-06-25; registry 2019-07-17; journal 2019 730495
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADAX NORGE AS. Revenue 9.68m NOK → 8.35m NOK (-13.7%). Net result +256.7k NOK → +149.6k NOK. Equity 664.7k NOK → 814.3k NOK.
On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADAX NORGE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 664.7k NOK → 814.3k NOK (equity ratio 12.8% → 21.9%). Calculated
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↑
Cash rose
Bank deposits 902.2k NOK → 2.28m NOK (+152.2% YoY). Calculated
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↑
Payroll decreased
Salary cost 852.3k NOK → 747.7k NOK (9% → 9% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 9.68m NOK to 8.35m NOK (-13.7% YoY). Calculated
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↓
Operating result weakened
Operating result +331.3k NOK → +202.9k NOK (op. margin 3.4% → 2.4%). Calculated
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↓
Net result weakened
Net result +256.7k NOK → +149.6k NOK (net margin 2.7% → 1.8%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 6.77m NOK → 5.92m NOK (-12.6% YoY). Calculated