ADITE AS: årsregnskap 2018 vs 2017
Grew 26% on revenue
approved 2019-03-28; registry 2019-04-24; journal 2019 284628
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADITE AS. Revenue 5.62m NOK → 7.07m NOK (+25.6%). Equity 493.1k NOK → 191.2k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ADITE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.62m NOK to 7.07m NOK (+25.6% YoY). Calculated
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↑
Operating result improved
Operating result +1.82m NOK → +1.86m NOK (op. margin 32.3% → 26.3%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 493.1k NOK → 191.2k NOK (equity ratio 14.8% → 5.8%). Calculated
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↓
Cash fell
Bank deposits 2.61m NOK → 1.49m NOK (-42.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2.70m NOK → 3.83m NOK (48% → 54% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 602.7k NOK → 511.3k NOK (-15.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 460.0k NOK → 0 NOK. Reported fact