ADDEND AS: årsregnskap 2018 vs 2017
Grew 5% on revenue, weaker earnings, cash halved-plus
approved 2019-05-20; registry 2019-06-15; journal 2019 437026
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADDEND AS. Revenue 359.2k NOK → 378.0k NOK (+5.2%). Net result +840.8k NOK → +362.0k NOK. Equity 3.41m NOK → 3.18m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADDEND AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 359.2k NOK to 378.0k NOK (+5.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +857.0k NOK → -45.6k NOK (op. margin 238.6% → -12.1%). Calculated
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↓
Net result weakened
Net result +840.8k NOK → +362.0k NOK (net margin 234.1% → 95.8%). Calculated
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↓
Equity eroded
Book equity 3.41m NOK → 3.18m NOK (equity ratio 94.9% → 91.4%). Calculated
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↓
Cash fell
Bank deposits 714.2k NOK → 71.0k NOK (-90.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 4.36× → 0.43× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 2.40m NOK → 2.92m NOK. Reported fact