ADER SPORTS AS: årsregnskap 2018 vs 2017
Grew 20% on revenue, weaker earnings
approved 2019-05-31; registry 2019-07-27; journal 2019 800156
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADER SPORTS AS. Revenue 4 314 NOK → 5 176 NOK (+20.0%). Net result -30.0k NOK → -60.6k NOK. Equity -77.5k NOK → -119.0k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ADER SPORTS AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 4 314 NOK to 5 176 NOK (+20.0% YoY). Calculated
-
↑
Cash rose
Bank deposits 52.5k NOK → 88.8k NOK (+69.2% YoY). Calculated
What deteriorated
-
↓
Net result weakened
Net result -30.0k NOK → -60.6k NOK (net margin -696.3% → -1170.5%). Calculated
-
↓
Equity eroded
Book equity -77.5k NOK → -119.0k NOK (equity ratio -28.8% → -35.3%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -35.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS moved
COGS / varekostnad 6 140 NOK → 39.0k NOK (+534.6% YoY). Calculated