ADJUVANTE AS: årsregnskap 2018 vs 2017
Shrank 100% on revenue, stronger earnings, cash halved-plus
approved 2019-05-27; registry 2019-06-15; journal 2019 436818
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADJUVANTE AS. Revenue 593.9k NOK → 1 136 NOK (-99.8%). Net result +49.1k NOK → +5.90m NOK. Equity 38.5k NOK → 5.84m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADJUVANTE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -59.4k NOK → +324.8k NOK (op. margin -10.0% → 28594.9%). Calculated
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Net result improved
Net result +49.1k NOK → +5.90m NOK (net margin 8.3% → 519317.7%). Calculated
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Equity strengthened
Book equity 38.5k NOK → 5.84m NOK (equity ratio 11.1% → 5476.8%). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 593.9k NOK to 1 136 NOK (-99.8% YoY). Calculated
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Cash fell
Bank deposits 118.3k NOK → 53.7k NOK (-54.6% YoY). Calculated
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Payroll up without matching revenue
Salary cost 105.7k NOK → 329.7k NOK (18% → 29023% of revenue). Calculated
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COGS moved
COGS / varekostnad 113.2k NOK → 150.8k NOK (+33.3% YoY). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 96.0k NOK → 6 000 NOK. Reported fact