ADD MEDIA AS: årsregnskap 2018 vs 2017
Shrank 20% on revenue, returned to profit
approved 2019-07-24; registry 2019-07-31; journal 2019 835595
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADD MEDIA AS. Revenue 5.82m NOK → 4.68m NOK (-19.6%). Net result -120.2k NOK → +694.9k NOK. Equity 406.4k NOK → 948.9k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADD MEDIA AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -118.8k NOK → +841.3k NOK (op. margin -2.0% → 18.0%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 120.2k NOK to a profit of 694.9k NOK. Calculated
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↑
Equity strengthened
Book equity 406.4k NOK → 948.9k NOK (equity ratio 27.2% → 57.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.82m NOK to 4.68m NOK (-19.6% YoY). Calculated
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↓
Cash fell
Bank deposits 495.9k NOK → 294.1k NOK (-40.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 13.66× → 0.47× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 1.63m NOK → 2.77m NOK (28% → 59% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 3.88m NOK → 2.78m NOK (-28.3% YoY). Calculated