ADCO EIENDOMMER AS: årsregnskap 2018 vs 2017
Grew 15% on revenue, weaker earnings
approved 2019-05-15; registry 2019-06-15; journal 2019 424234
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADCO EIENDOMMER AS. Revenue 2.54m NOK → 2.92m NOK (+15.0%). Net result +636.2k NOK → +276.2k NOK. Equity 5.44m NOK → 5.71m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: net result weakened.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for ADCO EIENDOMMER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.54m NOK to 2.92m NOK (+15.0% YoY). Calculated
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↑
Equity strengthened
Book equity 5.44m NOK → 5.71m NOK (equity ratio 19.7% → 21.9%). Calculated
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↑
Cash rose
Bank deposits 208.3k NOK → 1.25m NOK (+499.7% YoY). Calculated
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↑
Payroll decreased
Salary cost 119.1k NOK → 56.6k NOK (5% → 2% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result +636.2k NOK → +276.2k NOK (net margin 25.0% → 9.5%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 55.5k NOK → 119.6k NOK (+115.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1.48m NOK → 479.3k NOK. Reported fact