ADECCO NORGE AS: årsregnskap 2019 vs 2018
Shrank 8% on revenue
approved 2020-05-28; registry 2020-09-03; journal 2020 729402
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADECCO NORGE AS. Revenue 2.58bn NOK → 2.38bn NOK (-8.0%). Equity 221.10m NOK → 202.53m NOK.
On the constructive side: cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ADECCO NORGE AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 31.52m NOK → 188.25m NOK (+497.2% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.58bn NOK to 2.38bn NOK (-8.0% YoY). Calculated
-
↓
Equity eroded
Book equity 221.10m NOK → 202.53m NOK (equity ratio 25.0% → 25.1%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.04× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
Payroll up without matching revenue
Salary cost 1.95m NOK → 1.74bn NOK (0% → 73% of revenue). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 221.10m NOK → 202.53m NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Book investments changed
Investment / intangible book value 11.0k NOK → 167.15m NOK. Reported fact