ADJUVANTE AS: årsregnskap 2019 vs 2018
Grew 82808% on revenue, slipped into loss
approved 2020-06-09; registry 2020-08-18; journal 2020 677404
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADJUVANTE AS. Revenue 1 136 NOK → 941.8k NOK (+82807.7%). Net result +5.90m NOK → -202.9k NOK. Equity 5.84m NOK → 5.64m NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADJUVANTE AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 1 136 NOK to 941.8k NOK (+82807.7% YoY). Calculated
-
↑
Cash rose
Bank deposits 53.7k NOK → 2.13m NOK (+3861.6% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.24× → 29.46×. Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +324.8k NOK → -322.6k NOK (op. margin 28594.9% → -34.3%). Calculated
-
↓
Fell into a net loss
Net result flipped from 5.90m NOK profit to a loss of 202.9k NOK. Calculated
-
↓
Equity eroded
Book equity 5.84m NOK → 5.64m NOK (equity ratio 5476.8% → 96.7%). Calculated
Things to notice
-
·
Payroll increased
Salary cost 329.7k NOK → 718.2k NOK (29023% → 76% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 150.8k NOK → 128.6k NOK (-14.7% YoY). Calculated