Org.nr 987 794 828 2018 → 2019 Year-over-year analysis

ADECCO INDUSTRI AS: årsregnskap 2019 vs 2018

Shrank 33% on revenue

approved 2020-05-28; registry 2020-09-03; journal 2020 729708

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADECCO INDUSTRI AS. Revenue 51.22m NOK → 34.52m NOK (-32.6%). Equity 33.81m NOK → 11.81m NOK.

On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; equity eroded.

Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ADECCO INDUSTRI AS.

At a glance

Revenue

51.22m NOK 34.52m NOK

-32.6%

Operating result

n/m +4.09m NOK

—

Net result

n/m +4.53m NOK

—

Equity

33.81m NOK 11.81m NOK

-65.1%

Cash

35.78m NOK 38.99m NOK

+9.0%

Total assets

41.33m NOK 41.91m NOK

+1.4%

↑
Cash rose

Bank deposits 35.78m NOK → 38.99m NOK (+9.0% YoY). Calculated
↑
Payroll decreased

Salary cost 38.62m NOK → 20.17m NOK (75% → 58% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 51.22m NOK to 34.52m NOK (-32.6% YoY). Calculated
↓
Equity eroded

Book equity 33.81m NOK → 11.81m NOK (equity ratio 81.8% → 28.2%). Calculated

·
Paid-in equity reduced

Paid-in equity fell 33.81m NOK → 11.81m NOK — check capital reduction, conversion, or reclassification. Interpretation