ADEE AS: årsregnskap 2019 vs 2018
Shrank 96% on revenue, slipped into loss, cash halved-plus
approved 2020-08-25; registry 2020-08-27; journal 2020 721613
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADEE AS. Revenue 1.25m NOK → 48.2k NOK (-96.1%). Net result +61.9k NOK → -64.0k NOK. Equity 55.6k NOK → 37.1k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 3.54m NOK → 537 NOK (283% → 1% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.25m NOK to 48.2k NOK (-96.1% YoY). Calculated
-
↓
Fell into a net loss
Net result flipped from 61.9k NOK profit to a loss of 64.0k NOK. Calculated
-
↓
Equity eroded
Book equity 55.6k NOK → 37.1k NOK (equity ratio 39.9% → 100.0%). Calculated
-
↓
Cash fell
Bank deposits 24.8k NOK → 327 NOK (-98.7% YoY). Calculated