ADDISCO AS: årsregnskap 2019 vs 2018
Grew 20% on revenue, returned to profit
approved 2020-05-07; registry 2020-05-25; journal 2020 362322
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADDISCO AS. Revenue 19.30m NOK → 23.20m NOK (+20.2%). Net result -149.3k NOK → +44.5k NOK. Equity 11.75m NOK → 11.80m NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADDISCO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 19.30m NOK to 23.20m NOK (+20.2% YoY). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 149.3k NOK to a profit of 44.5k NOK. Calculated
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↑
Equity strengthened
Book equity 11.75m NOK → 11.80m NOK (equity ratio 68.2% → 86.0%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 15.36m NOK → 11.87m NOK (-22.7% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.37m NOK → 6.71m NOK (12% → 29% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 15.16m NOK → 17.97m NOK (+18.5% YoY). Calculated