ADL PRODUKTER AS: årsregnskap 2018 vs 2017
Shrank 57% on revenue, slipped into loss
approved 2020-04-02; registry 2020-04-06; journal 2020 278829
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADL PRODUKTER AS. Revenue 1.22m NOK → 528.7k NOK (-56.6%). Net result +127.0k NOK → -86.8k NOK. Equity -107.3k NOK → -194.1k NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADL PRODUKTER AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -127.3k NOK → -87.6k NOK (op. margin -10.4% → -16.6%). Calculated
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Payroll decreased
Salary cost 202.0k NOK → 88.4k NOK (17% → 17% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.22m NOK to 528.7k NOK (-56.6% YoY). Calculated
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Fell into a net loss
Net result flipped from 127.0k NOK profit to a loss of 86.8k NOK. Calculated
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Equity eroded
Book equity -107.3k NOK → -194.1k NOK (equity ratio -24.3% → -58.8%). Calculated
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Cash fell
Bank deposits 75.0k NOK → 64.5k NOK (-14.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -58.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 729.3k NOK → 349.7k NOK (-52.0% YoY). Calculated