ADER SPORTS AS: årsregnskap 2019 vs 2018
Shrank 100% on revenue, returned to profit, cash halved-plus
approved 2020-08-30; registry 2020-09-05; journal 2020 754299
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADER SPORTS AS. Revenue 5 176 NOK → 0 NOK (-100.0%). Net result -60.6k NOK → +142.4k NOK. Equity -119.0k NOK → -261.4k NOK.
On the constructive side: turned profitable. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADER SPORTS AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 60.6k NOK to a profit of 142.4k NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5 176 NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Equity eroded
Book equity -119.0k NOK → -261.4k NOK (equity ratio -35.3% → -114.8%). Calculated
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↓
Cash fell
Bank deposits 88.8k NOK → 17.3k NOK (-80.5% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 39.0k NOK → 81.8k NOK (+110.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -114.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation