ADEA HJEMMEHJELP AS: årsregnskap 2018 vs 2017
Stronger earnings
approved 2019-05-28; registry 2019-07-10; journal 2019 674480
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADEA HJEMMEHJELP AS. Revenue 3.08m NOK → 2.96m NOK (-4.0%). Net result +27.9k NOK → +165.2k NOK. Equity 46.8k NOK → 36.5k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ADEA HJEMMEHJELP AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +43.7k NOK → +222.3k NOK (op. margin 1.4% → 7.5%). Calculated
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Net result improved
Net result +27.9k NOK → +165.2k NOK (net margin 0.9% → 5.6%). Calculated
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Payroll decreased
Salary cost 2.82m NOK → 2.55m NOK (92% → 86% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.08m NOK to 2.96m NOK (-4.0% YoY). Calculated
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↓
Equity eroded
Book equity 46.8k NOK → 36.5k NOK (equity ratio 5.7% → 5.2%). Calculated
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↓
Cash fell
Bank deposits 190.3k NOK → 158.2k NOK (-16.9% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 5.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 42.6k NOK → 36.5k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 371.3k NOK → 318.0k NOK. Reported fact