ADINE AS: årsregnskap 2019 vs 2018
Weaker earnings, cash halved-plus
approved 2020-04-23; registry 2020-04-28; journal 2020 313079
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADINE AS. Net result +2.19m NOK → +264.2k NOK. Equity 6.31m NOK → 6.45m NOK.
On the constructive side: operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ADINE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -40.1k NOK → -8 157 NOK. Calculated
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↑
Equity strengthened
Book equity 6.31m NOK → 6.45m NOK (equity ratio 99.8% → 72.7%). Calculated
What deteriorated
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↓
Net result weakened
Net result +2.19m NOK → +264.2k NOK. Calculated
-
↓
Cash fell
Bank deposits 1.35m NOK → 359.4k NOK (-73.4% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.35m NOK → 359.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 4.74m NOK → 8.16m NOK. Reported fact