ADLER CAPITAL AS: årsregnskap 2019 vs 2018
Grew 725% on revenue, returned to profit, cash halved-plus
approved 2020-08-21; registry 2020-09-03; journal 2020 737760
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADLER CAPITAL AS. Revenue -20.0k NOK → 125.0k NOK (+725.0%). Net result -244.8k NOK → +42.3k NOK. Equity 496.5k NOK → 538.8k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADLER CAPITAL AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from -20.0k NOK to 125.0k NOK (+725.0% YoY). Calculated
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Operating result improved
Operating result -244.9k NOK → +44.2k NOK (op. margin 1224.3% → 35.4%). Calculated
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Turned profitable
Net result flipped from a loss of 244.8k NOK to a profit of 42.3k NOK. Calculated
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Equity strengthened
Book equity 496.5k NOK → 538.8k NOK (equity ratio 59.5% → 57.6%). Calculated
What deteriorated
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Cash fell
Bank deposits 24.4k NOK → 8 742 NOK (-64.2% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 3.98× → -0.10× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Book investments changed
Investment / intangible book value 7 272 NOK → 5.74m NOK. Reported fact