ADDS AS: årsregnskap 2019 vs 2018
Cash halved-plus
approved 2020-06-29; registry 2020-09-05; journal 2020 748180
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADDS AS. Revenue 0 NOK → 0 NOK (0.0%). Net result -10.6k NOK → -11.0k NOK. Equity -172.5k NOK → -183.5k NOK.
Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADDS AS.
At a glance
Scorecard
What deteriorated
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↓
Operating result weakened
Operating result -10.6k NOK → -11.0k NOK. Calculated
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↓
Equity eroded
Book equity -172.5k NOK → -183.5k NOK (equity ratio -66.0% → -14552.7%). Calculated
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↓
Cash fell
Bank deposits 261.3k NOK → 1 261 NOK (-99.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.51× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -14552.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation