ADEPT AS: årsregnskap 2019 vs 2018
Shrank 91% on revenue, weaker earnings
approved 2020-08-31; registry 2020-09-26; journal 2020 864633
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADEPT AS. Revenue 426.0k NOK → 40.0k NOK (-90.6%). Net result +577.44m NOK → +3 576 NOK. Equity 544.0k NOK → 3.52m NOK.
On the constructive side: operating result improved; equity strengthened; cash rose. Pressures included: revenue fell; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADEPT AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -350.2k NOK → -174.9k NOK (op. margin -82.2% → -437.3%). Calculated
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↑
Equity strengthened
Book equity 544.0k NOK → 3.52m NOK (equity ratio 88.3% → 643.5%). Calculated
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↑
Cash rose
Bank deposits 223.8k NOK → 638.0k NOK (+185.1% YoY). Calculated
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↑
Payroll decreased
Salary cost 574.4k NOK → 69.6k NOK (135% → 174% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 426.0k NOK to 40.0k NOK (-90.6% YoY). Calculated
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↓
Net result weakened
Net result +577.44m NOK → +3 576 NOK (net margin 135548.3% → 8.9%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 53.3k NOK → 10.0k NOK. Reported fact