FirmaIQ
Org.nr 945 554 479 2018 → 2019 Year-over-year analysis

ADCO EIENDOMMER AS: årsregnskap 2019 vs 2018

Shrank 8% on revenue, weaker earnings, cash halved-plus

approved 2020-04-16; registry 2020-04-20; journal 2020 297934

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADCO EIENDOMMER AS. Revenue 2.92m NOK → 2.70m NOK (-7.5%). Net result +276.2k NOK → +141.1k NOK. Equity 5.71m NOK → 5.53m NOK.

Pressures included: revenue fell; net result weakened; equity eroded.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADCO EIENDOMMER AS.

At a glance

Scorecard

Revenue
2.92m NOK 2.70m NOK
-7.5%
Operating result
n/m +759.2k NOK
—
Net result
+276.2k NOK +141.1k NOK
-48.9%
Equity
5.71m NOK 5.53m NOK
-3.1%
Cash
1.25m NOK 126.4k NOK
-89.9%
Total assets
26.04m NOK 23.69m NOK
-9.0%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.92m NOK to 2.70m NOK (-7.5% YoY). Calculated

  • ↓

    Net result weakened

    Net result +276.2k NOK → +141.1k NOK (net margin 9.5% → 5.2%). Calculated

  • ↓

    Equity eroded

    Book equity 5.71m NOK → 5.53m NOK (equity ratio 21.9% → 23.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.25m NOK → 126.4k NOK (-89.9% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 56.6k NOK → 2.11m NOK (2% → 78% of revenue). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (1.25m NOK → 126.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation