ADD MEDIA AS: årsregnskap 2019 vs 2018
Shrank 83% on revenue, weaker earnings
approved 2020-06-25; registry 2020-07-07; journal 2020 553022
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADD MEDIA AS. Revenue 4.68m NOK → 780.4k NOK (-83.3%). Net result +694.9k NOK → +245.2k NOK. Equity 948.9k NOK → 847.5k NOK.
On the constructive side: cash rose; current ratio back above 1×; owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADD MEDIA AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 294.1k NOK → 1.35m NOK (+357.5% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.47× → 16.20×. Calculated
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Owners injected capital
Paid-in equity rose 104.0k NOK → 111.5k NOK (+7 500 NOK). Reported fact
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↑
Payroll decreased
Salary cost 2.77m NOK → 415.3k NOK (59% → 53% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 4.68m NOK to 780.4k NOK (-83.3% YoY). Calculated
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Operating result weakened
Operating result +841.3k NOK → -169.1k NOK (op. margin 18.0% → -21.7%). Calculated
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↓
Net result weakened
Net result +694.9k NOK → +245.2k NOK (net margin 14.9% → 31.4%). Calculated
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↓
Equity eroded
Book equity 948.9k NOK → 847.5k NOK (equity ratio 57.0% → 16.3%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 2.78m NOK → 1.25m NOK (-54.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 0 NOK → 6 405 NOK. Reported fact