Org.nr 981 709 063 2018 → 2019 Year-over-year analysis

ADITECH AS: årsregnskap 2019 vs 2018

Shrank 22% on revenue

approved 2020-06-30; registry 2020-07-23; journal 2020 624301

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADITECH AS. Revenue 287.6k NOK → 223.0k NOK (-22.5%). Equity 156.7k NOK → 30.4k NOK.

On the constructive side: cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADITECH AS.

At a glance

Revenue

287.6k NOK 223.0k NOK

-22.5%

Operating result

n/m -121.3k NOK

—

Net result

n/m -126.3k NOK

—

Equity

156.7k NOK 30.4k NOK

-80.6%

Cash

197.8k NOK 219.4k NOK

+10.9%

Total assets

316.5k NOK 243.2k NOK

-23.2%

↓
Revenue fell

Operating income / revenue moved from 287.6k NOK to 223.0k NOK (-22.5% YoY). Calculated
↓
Equity eroded

Book equity 156.7k NOK → 30.4k NOK (equity ratio 49.5% → 12.5%). Calculated
↓
Payroll up without matching revenue

Salary cost 157.6k NOK → 239.3k NOK (55% → 107% of revenue). Calculated