ADIUVO AS: årsregnskap 2019 vs 2018
Grew 44% on revenue, weaker earnings
approved 2020-04-16; registry 2020-04-29; journal 2020 316712
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADIUVO AS. Revenue 1.01m NOK → 1.46m NOK (+43.5%). Net result +424.0k NOK → +322.2k NOK. Equity 964.9k NOK → 87.1k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADIUVO AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.01m NOK to 1.46m NOK (+43.5% YoY). Calculated
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Operating result improved
Operating result +124.1k NOK → +393.6k NOK (op. margin 12.2% → 27.0%). Calculated
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Cash rose
Bank deposits 462.1k NOK → 480.7k NOK (+4.0% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +424.0k NOK → +322.2k NOK (net margin 41.8% → 22.1%). Calculated
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↓
Equity eroded
Book equity 964.9k NOK → 87.1k NOK (equity ratio 201.5% → 4.8%). Calculated
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Current ratio dropped below 1×
Current ratio 1.60× → 0.34× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 4 424 NOK → 4.84m NOK (0% → 332% of revenue). Calculated