ADEE AS: årsregnskap 2018 vs 2017
Shrank 42% on revenue, weaker earnings, cash halved-plus
approved 2019-04-26; registry 2019-06-08; journal 2019 487612
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADEE AS. Revenue 2.17m NOK → 1.25m NOK (-42.4%). Net result +178.1k NOK → +61.9k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; net result weakened; cash fell.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
2.17m NOK
1.25m NOK
-42.4%
Net result
+178.1k NOK
+61.9k NOK
-65.2%
Equity
n/m
55.6k NOK
—
Cash
90.0k NOK
24.8k NOK
-72.5%
Total assets
277.2k NOK
139.4k NOK
-49.7%
What improved
-
↑
Payroll decreased
Salary cost 3.86m NOK → 3.54m NOK (178% → 283% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.17m NOK to 1.25m NOK (-42.4% YoY). Calculated
-
↓
Net result weakened
Net result +178.1k NOK → +61.9k NOK (net margin 8.2% → 5.0%). Calculated
-
↓
Cash fell
Bank deposits 90.0k NOK → 24.8k NOK (-72.5% YoY). Calculated