ADCO AS: årsregnskap 2018 vs 2017
Shrank 20% on revenue, weaker earnings, cash halved-plus
approved 2019-06-20; registry 2019-08-05; journal 2019 863622
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADCO AS. Revenue 51.6k NOK → 41.3k NOK (-20.0%). Net result +266.6k NOK → +22.7k NOK. Equity 94.9k NOK → 1.12m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADCO AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 94.9k NOK → 1.12m NOK (equity ratio 6.1% → 71.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 51.6k NOK to 41.3k NOK (-20.0% YoY). Calculated
-
↓
Operating result weakened
Operating result +38.3k NOK → +27.1k NOK (op. margin 74.3% → 65.6%). Calculated
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↓
Net result weakened
Net result +266.6k NOK → +22.7k NOK (net margin 516.7% → 55.0%). Calculated
-
↓
Cash fell
Bank deposits 228.7k NOK → 20.1k NOK (-91.2% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 1.02m NOK → 1.12m NOK. Reported fact