ADEC ØKONOMI AS: årsregnskap 2019 vs 2018
Grew 72% on revenue
approved 2020-06-30; registry 2020-08-04; journal 2020 643681
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADEC ØKONOMI AS. Revenue 1.34m NOK → 2.31m NOK (+72.3%). Equity 7.11m NOK → 106.8k NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADEC ØKONOMI AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.34m NOK to 2.31m NOK (+72.3% YoY). Calculated
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↑
Cash rose
Bank deposits 151.0k NOK → 221.9k NOK (+46.9% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.00× → 1.21×. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 7.11m NOK → 106.8k NOK (equity ratio 2076.4% → 20.4%). Calculated
Things to notice
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·
Payroll increased
Salary cost 10 NOK → 1.52m NOK (0% → 66% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 117.6k NOK → 181.5k NOK (+54.2% YoY). Calculated