ADMA AS: årsregnskap 2018 vs 2017
Grew 39% on revenue, stronger earnings
approved 2019-06-12; registry 2019-06-25; journal 2019 515704
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADMA AS. Revenue 3.34m NOK → 4.64m NOK (+39.0%). Net result +12.2k NOK → +240.2k NOK. Equity 426.7k NOK → 666.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADMA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.34m NOK to 4.64m NOK (+39.0% YoY). Calculated
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Operating result improved
Operating result +16.4k NOK → +311.2k NOK (op. margin 0.5% → 6.7%). Calculated
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Net result improved
Net result +12.2k NOK → +240.2k NOK (net margin 0.4% → 5.2%). Calculated
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Equity strengthened
Book equity 426.7k NOK → 666.9k NOK (equity ratio 484.5% → 42.8%). Calculated
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Cash rose
Bank deposits 244.3k NOK → 761.7k NOK (+211.8% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.05× → 0.26× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 3 NOK → 2.76m NOK (0% → 59% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 1.08m NOK → 939.5k NOK (-13.2% YoY). Calculated