FirmaIQ
Org.nr 999 617 670 2017 → 2018 Year-over-year analysis

ADEKO AS: årsregnskap 2018 vs 2017

Grew 39% on revenue, slipped into loss

approved 2019-05-31; registry 2019-06-20; journal 2019 483913

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ADEKO AS. Revenue 9.13m NOK → 12.73m NOK (+39.5%). Net result +1.32m NOK → -63.7k NOK. Equity 2.43m NOK → 2.36m NOK.

On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADEKO AS.

At a glance

Scorecard

Revenue
9.13m NOK 12.73m NOK
+39.5%
Operating result
+1.44m NOK -64.9k NOK
-104.5%
Net result
+1.32m NOK -63.7k NOK
-104.8%
Equity
2.43m NOK 2.36m NOK
-2.6%
Cash
146.7k NOK 320.8k NOK
+118.7%
Total assets
2.76m NOK 2.61m NOK
-5.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 9.13m NOK to 12.73m NOK (+39.5% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 146.7k NOK → 320.8k NOK (+118.7% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +1.44m NOK → -64.9k NOK (op. margin 15.8% → -0.5%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 1.32m NOK profit to a loss of 63.7k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 2.43m NOK → 2.36m NOK (equity ratio 87.9% → 90.5%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 26.9k NOK → 1.53m NOK (0% → 12% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 7.12m NOK → 11.67m NOK (+63.9% YoY). Calculated