FirmaIQ
Org.nr 999 530 311 2018 → 2019 Year-over-year analysis

ADEO ENTERTAINMENT AS: årsregnskap 2019 vs 2018

Shrank 80% on revenue, cash halved-plus

approved 2020-05-11; registry 2020-06-02; journal 2020 412096

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADEO ENTERTAINMENT AS. Revenue 240.7k NOK → 48.8k NOK (-79.7%). Net result -3 563 NOK → -9 424 NOK. Equity 30.0k NOK → 30.0k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADEO ENTERTAINMENT AS.

At a glance

Scorecard

Revenue
240.7k NOK 48.8k NOK
-79.7%
Operating result
-2 904 NOK -8 879 NOK
-205.8%
Net result
-3 563 NOK -9 424 NOK
-164.5%
Equity
30.0k NOK 30.0k NOK
0.0%
Cash
38.5k NOK 852 NOK
-97.8%
Total assets
355.5k NOK 298.6k NOK
-16.0%

What improved

  • ↑

    Payroll decreased

    Salary cost 209.9k NOK → 37.0k NOK (87% → 76% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 240.7k NOK to 48.8k NOK (-79.7% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -2 904 NOK → -8 879 NOK (op. margin -1.2% → -18.2%). Calculated

  • ↓

    Net result weakened

    Net result -3 563 NOK → -9 424 NOK (net margin -1.5% → -19.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 38.5k NOK → 852 NOK (-97.8% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 316.9k NOK → 297.8k NOK. Reported fact