Org.nr 945 697 717 2017 → 2018 Year-over-year analysis

ADLERS BILFORMIDLING AS: årsregnskap 2018 vs 2017

Shrank 58% on revenue, cash halved-plus

approved 2019-06-22; registry 2019-07-20; journal 2019 757027

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ADLERS BILFORMIDLING AS. Revenue 3.60m NOK → 1.51m NOK (-58.1%). Equity 24.5k NOK → -27.8k NOK.

Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADLERS BILFORMIDLING AS.

At a glance

Revenue

3.60m NOK 1.51m NOK

-58.1%

Equity

24.5k NOK -27.8k NOK

-213.7%

Cash

320.7k NOK 3 107 NOK

-99.0%

Total assets

617.8k NOK 8 610 NOK

-98.6%

↓
Revenue fell

Operating income / revenue moved from 3.60m NOK to 1.51m NOK (-58.1% YoY). Calculated
↓
Equity eroded

Book equity 24.5k NOK → -27.8k NOK (equity ratio 4.0% → -323.4%). Calculated
↓
Cash fell

Bank deposits 320.7k NOK → 3 107 NOK (-99.0% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.02× → 0.12× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
↓
Payroll up without matching revenue

Salary cost 1.71m NOK → 4.79m NOK (47% → 317% of revenue). Calculated

·
Thin equity buffer

Equity ratio is -323.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation