ADFORM NORWAY AS: årsregnskap 2019 vs 2018
Cash halved-plus
approved 2020-08-31; registry 2020-09-22; journal 2020 844126
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADFORM NORWAY AS. Revenue 12.32m NOK → 11.86m NOK (-3.7%). Equity 536.9k NOK → 398.9k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
12.32m NOK
11.86m NOK
-3.7%
Operating result
n/m
+461.2k NOK
—
Net result
n/m
+270.6k NOK
—
Equity
536.9k NOK
398.9k NOK
-25.7%
Cash
770.4k NOK
342.2k NOK
-55.6%
Total assets
2.78m NOK
2.49m NOK
-10.7%
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 12.32m NOK to 11.86m NOK (-3.7% YoY). Calculated
-
↓
Equity eroded
Book equity 536.9k NOK → 398.9k NOK (equity ratio 19.3% → 16.0%). Calculated
-
↓
Cash fell
Bank deposits 770.4k NOK → 342.2k NOK (-55.6% YoY). Calculated