FirmaIQ
Org.nr 995 205 262 2018 → 2019 Year-over-year analysis

ADIMA ENGINEERING AS: årsregnskap 2019 vs 2018

Shrank 45% on revenue, weaker earnings

approved 2020-05-14; registry 2020-05-28; journal 2020 373725

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADIMA ENGINEERING AS. Revenue 13.42m NOK → 7.39m NOK (-44.9%). Net result +13.18m NOK → +496.2k NOK. Equity 2.06m NOK → 1.03m NOK.

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

Mixed year — gains and pressures both show up.

At a glance

Scorecard

Revenue
13.42m NOK 7.39m NOK
-44.9%
Operating result
+219.2k NOK +612.7k NOK
+179.5%
Net result
+13.18m NOK +496.2k NOK
-96.2%
Equity
2.06m NOK 1.03m NOK
-49.9%
Cash
1.76m NOK 1.98m NOK
+12.6%
Total assets
5.25m NOK 3.02m NOK
-42.5%

What improved

  • ↑

    Operating result improved

    Operating result +219.2k NOK → +612.7k NOK (op. margin 1.6% → 8.3%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.76m NOK → 1.98m NOK (+12.6% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 11.51m NOK → 5.87m NOK (86% → 79% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 13.42m NOK to 7.39m NOK (-44.9% YoY). Calculated

  • ↓

    Net result weakened

    Net result +13.18m NOK → +496.2k NOK (net margin 98.2% → 6.7%). Calculated

  • ↓

    Equity eroded

    Book equity 2.06m NOK → 1.03m NOK (equity ratio 39.2% → 34.1%). Calculated