ADEKO AS: årsregnskap 2019 vs 2018
Shrank 43% on revenue, weaker earnings
approved 2020-09-14; registry 2020-09-19; journal 2020 830670
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADEKO AS. Revenue 12.73m NOK → 7.20m NOK (-43.4%). Net result -63.7k NOK → -434.8k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADEKO AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 320.8k NOK → 1.22m NOK (+279.4% YoY). Calculated
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↑
Payroll decreased
Salary cost 1.53m NOK → 1 NOK (12% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 12.73m NOK to 7.20m NOK (-43.4% YoY). Calculated
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↓
Operating result weakened
Operating result -64.9k NOK → -435.5k NOK (op. margin -0.5% → -6.0%). Calculated
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↓
Net result weakened
Net result -63.7k NOK → -434.8k NOK (net margin -0.5% → -6.0%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 11.67m NOK → 6.52m NOK (-44.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 15.0k NOK → 100.2k NOK. Reported fact