ADECCO BUSINESS SOLUTIONS AS: årsregnskap 2019 vs 2018
Grew 1239% on revenue, returned to profit, fresh owner capital
approved 2020-05-28; registry 2020-09-02; journal 2020 729066
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADECCO BUSINESS SOLUTIONS AS. Revenue 926 NOK → 12.4k NOK (+1238.6%). Net result -950 NOK → +446.4k NOK. Equity 30.0k NOK → 3.68m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADECCO BUSINESS SOLUTIONS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 926 NOK to 12.4k NOK (+1238.6% YoY). Calculated
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Operating result improved
Operating result -937 NOK → +569.1k NOK (op. margin -101.2% → 4591.0%). Calculated
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Turned profitable
Net result flipped from a loss of 950 NOK to a profit of 446.4k NOK. Calculated
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Equity strengthened
Book equity 30.0k NOK → 3.68m NOK (equity ratio 100.0% → 78.6%). Calculated
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Cash rose
Bank deposits 28.8k NOK → 921.6k NOK (+3102.0% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 4 NOK → 10.3k NOK (0% → 83% of revenue). Calculated
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COGS moved
COGS / varekostnad 306 NOK → 10.3k NOK (+3269.9% YoY). Calculated