ADEO ENTERTAINMENT AS: årsregnskap 2018 vs 2017
Shrank 48% on revenue, stronger earnings
approved 2019-06-14; registry 2019-07-03; journal 2019 647573
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADEO ENTERTAINMENT AS. Revenue 463.8k NOK → 240.7k NOK (-48.1%). Net result -37.5k NOK → -3 563 NOK. Equity 30.0k NOK → 30.0k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADEO ENTERTAINMENT AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -36.7k NOK → -2 904 NOK (op. margin -7.9% → -1.2%). Calculated
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↑
Net result improved
Net result -37.5k NOK → -3 563 NOK (net margin -8.1% → -1.5%). Calculated
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↑
Payroll decreased
Salary cost 350.3k NOK → 209.9k NOK (76% → 87% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 463.8k NOK to 240.7k NOK (-48.1% YoY). Calculated
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↓
Cash fell
Bank deposits 45.4k NOK → 38.5k NOK (-15.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 99.3k NOK → 316.9k NOK. Reported fact