ADDSECURE AS: årsregnskap 2018 vs 2017
Grew 32% on revenue
approved 2019-06-20; registry 2019-07-15; journal 2019 707526
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADDSECURE AS. Revenue 137.8k NOK → 181.9k NOK (+32.0%). Equity 138.4k NOK → 82.36m NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ADDSECURE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 137.8k NOK to 181.9k NOK (+32.0% YoY). Calculated
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↑
Equity strengthened
Book equity 138.4k NOK → 82.36m NOK (equity ratio 54.7% → 29961.5%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 1.26×. Calculated
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↑
Owners injected capital
Paid-in equity rose 30.11m NOK → 34.07m NOK (+3.96m NOK). Reported fact
What deteriorated
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↓
Cash fell
Bank deposits 98.48m NOK → 69.15m NOK (-29.8% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 33.31m NOK → 39.21m NOK (24174% → 21553% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 38.20m NOK → 47.87m NOK (+25.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 42.73m NOK → 298.0k NOK. Reported fact