ADMAR ENTREPRENØR AS: årsregnskap 2019 vs 2018
Shrank 100% on revenue, weaker earnings, cash halved-plus
approved 2020-08-25; registry 2020-10-05; journal 2020 909421
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADMAR ENTREPRENØR AS. Revenue 199.6k NOK → 199 NOK (-99.9%). Net result +38.8k NOK → +17.0k NOK. Equity -8 786 NOK → -25.7k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADMAR ENTREPRENØR AS.
At a glance
Scorecard
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 199.6k NOK to 199 NOK (-99.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +38.8k NOK → +17.0k NOK (op. margin 19.4% → 8527.6%). Calculated
-
↓
Net result weakened
Net result +38.8k NOK → +17.0k NOK (net margin 19.4% → 8522.6%). Calculated
-
↓
Equity eroded
Book equity -8 786 NOK → -25.7k NOK (equity ratio -25.6% → -184.5%). Calculated
-
↓
Cash fell
Bank deposits 34.0k NOK → 14.0k NOK (-58.9% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -184.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation