ADIMA ENERGY AS: årsregnskap 2019 vs 2018
Grew 143% on revenue, stronger earnings
approved 2020-05-14; registry 2020-05-30; journal 2020 376524
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADIMA ENERGY AS. Revenue 35.90m NOK → 87.25m NOK (+143.0%). Net result +1.05m NOK → +4.04m NOK. Equity 3.27m NOK → 2.82m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADIMA ENERGY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 35.90m NOK to 87.25m NOK (+143.0% YoY). Calculated
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Operating result improved
Operating result +1.37m NOK → +5.14m NOK (op. margin 3.8% → 5.9%). Calculated
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Net result improved
Net result +1.05m NOK → +4.04m NOK (net margin 2.9% → 4.6%). Calculated
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Cash rose
Bank deposits 2.88m NOK → 15.30m NOK (+432.2% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 3.27m NOK → 2.82m NOK (equity ratio 25.4% → 9.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 29.47m NOK → 72.05m NOK (82% → 83% of revenue). Calculated