ADDPOINT AS: årsregnskap 2019 vs 2018
Grew 17% on revenue, stronger earnings
approved 2020-03-24; registry 2020-03-28; journal 2020 261707
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADDPOINT AS. Revenue 4.85m NOK → 5.66m NOK (+16.7%). Net result +383.4k NOK → +644.8k NOK. Equity 12.96m NOK → 11 NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADDPOINT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.85m NOK to 5.66m NOK (+16.7% YoY). Calculated
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↑
Net result improved
Net result +383.4k NOK → +644.8k NOK (net margin 7.9% → 11.4%). Calculated
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↑
Cash rose
Bank deposits 96.4k NOK → 1.82m NOK (+1790.4% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 12.96m NOK → 11 NOK (equity ratio 648.1% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation