Org.nr 914 164 249 2018 → 2019 Year-over-year analysis

ADITE AS: årsregnskap 2019 vs 2018

Cash halved-plus

approved 2020-06-26; registry 2020-07-14; journal 2020 573121

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADITE AS. Revenue 7.07m NOK → 7.36m NOK (+4.1%). Equity 191.2k NOK → 960.3k NOK.

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

Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADITE AS.

At a glance

Revenue

7.07m NOK 7.36m NOK

+4.1%

Operating result

+1.86m NOK +988.5k NOK

-46.8%

Net result

n/m +769.1k NOK

—

Equity

191.2k NOK 960.3k NOK

+402.2%

Cash

1.49m NOK 660.8k NOK

-55.8%

Total assets

3.31m NOK 2.47m NOK

-25.4%

↑
Revenue rose

Operating income / revenue moved from 7.07m NOK to 7.36m NOK (+4.1% YoY). Calculated
↑
Equity strengthened

Book equity 191.2k NOK → 960.3k NOK (equity ratio 5.8% → 38.9%). Calculated

↓
Operating result weakened

Operating result +1.86m NOK → +988.5k NOK (op. margin 26.3% → 13.4%). Calculated
↓
Cash fell

Bank deposits 1.49m NOK → 660.8k NOK (-55.8% YoY). Calculated

·
Payroll increased

Salary cost 3.83m NOK → 4.72m NOK (54% → 64% of revenue). Calculated
·
COGS fell

COGS / varekostnad 511.3k NOK → 65.5k NOK (-87.2% YoY). Calculated