FirmaIQ
Org.nr 995 205 262 2017 → 2018 Year-over-year analysis

ADIMA ENGINEERING AS: årsregnskap 2018 vs 2017

Grew 38% on revenue, stronger earnings

approved 2019-04-11; registry 2019-06-18; journal 2019 460731

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ADIMA ENGINEERING AS. Revenue 9.71m NOK → 13.42m NOK (+38.2%). Net result +334.1k NOK → +13.18m NOK. Equity 1.92m NOK → 2.06m NOK.

On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADIMA ENGINEERING AS.

At a glance

Scorecard

Revenue
9.71m NOK 13.42m NOK
+38.2%
Operating result
+425.7k NOK +219.2k NOK
-48.5%
Net result
+334.1k NOK +13.18m NOK
+3843.7%
Equity
1.92m NOK 2.06m NOK
+7.1%
Cash
2.14m NOK 1.76m NOK
-17.6%
Total assets
5.03m NOK 5.25m NOK
+4.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 9.71m NOK to 13.42m NOK (+38.2% YoY). Calculated

  • ↑

    Net result improved

    Net result +334.1k NOK → +13.18m NOK (net margin 3.4% → 98.2%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.92m NOK → 2.06m NOK (equity ratio 38.2% → 39.2%). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +425.7k NOK → +219.2k NOK (op. margin 4.4% → 1.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 2.14m NOK → 1.76m NOK (-17.6% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 7.88m NOK → 11.51m NOK (81% → 86% of revenue). Calculated