ADI INVEST AS: årsregnskap 2018 vs 2017
Shrank 51% on revenue, stronger earnings
approved 2019-06-30; registry 2019-08-10; journal 2019 911976
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADI INVEST AS. Revenue 327.1k NOK → 158.8k NOK (-51.5%). Net result +2 500 NOK → +22.7k NOK. Equity 52.8k NOK → 75.5k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADI INVEST AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -25.9k NOK → +22.9k NOK (op. margin -7.9% → 14.5%). Calculated
-
↑
Net result improved
Net result +2 500 NOK → +22.7k NOK (net margin 0.8% → 14.3%). Calculated
-
↑
Equity strengthened
Book equity 52.8k NOK → 75.5k NOK (equity ratio 26.6% → 52.1%). Calculated
-
↑
Cash rose
Bank deposits 27.9k NOK → 34.4k NOK (+23.4% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.03× → 1.01×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 327.1k NOK to 158.8k NOK (-51.5% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 6 308 NOK → 110.8k NOK (2% → 70% of revenue). Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 60.0k NOK → 75.0k NOK. Reported fact