ADD ENERGY GROUP AS: årsregnskap 2018 vs 2017
Grew 8% on revenue, weaker earnings, fresh owner capital
approved 2019-09-27; registry 2019-10-03; journal 2019 938928
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADD ENERGY GROUP AS. Revenue 7.80m NOK → 8.43m NOK (+8.0%). Net result -13.12m NOK → -92.44m NOK. Equity 153.7k NOK → 80.34m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADD ENERGY GROUP AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.80m NOK to 8.43m NOK (+8.0% YoY). Calculated
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↑
Operating result improved
Operating result -10.43m NOK → -10.37m NOK (op. margin -133.8% → -123.1%). Calculated
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↑
Equity strengthened
Book equity 153.7k NOK → 80.34m NOK (equity ratio 49.2% → 37.6%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.02× → 133.49×. Calculated
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↑
Owners injected capital
Paid-in equity rose 36.28m NOK → 80.34m NOK (+44.06m NOK). Reported fact
What deteriorated
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↓
Net result weakened
Net result -13.12m NOK → -92.44m NOK (net margin -168.2% → -1097.1%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.97m NOK → 1.52m NOK (-22.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 310.1k NOK → 195.51m NOK. Reported fact