ADECCO GROUP NORWAY AS: årsregnskap 2018 vs 2017
Shrank 100% on revenue
approved 2019-05-27; registry 2019-07-27; journal 2019 798258
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADECCO GROUP NORWAY AS. Revenue 342.88m NOK → 370.6k NOK (-99.9%). Net result +9.70m NOK → +10.62m NOK. Equity 41.51m NOK → 39.68m NOK.
On the constructive side: net result improved; cash rose; payroll decreased. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADECCO GROUP NORWAY AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +9.70m NOK → +10.62m NOK (net margin 2.8% → 2864.9%). Calculated
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Cash rose
Bank deposits 72.06m NOK → 124.03m NOK (+72.1% YoY). Calculated
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Payroll decreased
Salary cost 7.29bn NOK → 7.31m NOK (2125% → 1972% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 342.88m NOK to 370.6k NOK (-99.9% YoY). Calculated
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Equity eroded
Book equity 41.51m NOK → 39.68m NOK (equity ratio 31.4% → 27988.0%). Calculated
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Current ratio dropped below 1×
Current ratio 1.46× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Book investments changed
Investment / intangible book value 344.5k NOK → 461 NOK. Reported fact