ADL PRODUKTER AS: årsregnskap 2019 vs 2018
Weaker earnings
approved 2020-08-31; registry 2020-09-16; journal 2020 820879
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADL PRODUKTER AS. Revenue 528.7k NOK → 528.7k NOK (0.0%). Net result -86.8k NOK → -157.0k NOK. Equity -194.1k NOK → -351.1k NOK.
On the constructive side: payroll decreased. Pressures included: operating result weakened; net result weakened; 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
-
↑
Payroll decreased
Salary cost 88.4k NOK → 8 225 NOK (17% → 2% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -87.6k NOK → -157.0k NOK (op. margin -16.6% → -29.7%). Calculated
-
↓
Net result weakened
Net result -86.8k NOK → -157.0k NOK (net margin -16.4% → -29.7%). Calculated
-
↓
Equity eroded
Book equity -194.1k NOK → -351.1k NOK (equity ratio -58.8% → -141.3%). Calculated
-
↓
Cash fell
Bank deposits 64.5k NOK → 52.6k NOK (-18.5% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.49× → 0.84× — 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 -141.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 349.7k NOK → 46.0k NOK (-86.9% YoY). Calculated