Org.nr 983 847 412 2018 → 2019 Year-over-year analysis

ADCARE AS: årsregnskap 2019 vs 2018

Grew 9% on revenue

approved 2020-08-31; registry 2020-09-10; journal 2020 785688

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADCARE AS. Revenue 35.88m NOK → 39.00m NOK (+8.7%). Equity 2.75m NOK → 1.49m NOK.

On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADCARE AS.

At a glance

Revenue

35.88m NOK 39.00m NOK

+8.7%

Operating result

n/m +1.53m NOK

—

Net result

n/m +1.04m NOK

—

Equity

2.75m NOK 1.49m NOK

-45.7%

Cash

571.0k NOK 357.7k NOK

-37.4%

Total assets

10.34m NOK 14.59m NOK

+41.1%

↑
Revenue rose

Operating income / revenue moved from 35.88m NOK to 39.00m NOK (+8.7% YoY). Calculated

↓
Equity eroded

Book equity 2.75m NOK → 1.49m NOK (equity ratio 26.6% → 10.2%). Calculated
↓
Cash fell

Bank deposits 571.0k NOK → 357.7k NOK (-37.4% YoY). Calculated

·
Payroll increased

Salary cost 2 018 NOK → 7.99m NOK (0% → 20% of revenue). Calculated
·
COGS moved

COGS / varekostnad 19.32m NOK → 22.13m NOK (+14.6% YoY). Calculated