ADMASO HOLDING AS: årsregnskap 2019 vs 2018
Shrank 59% on revenue, slipped into loss, cash halved-plus
approved 2020-06-30; registry 2020-09-26; journal 2020 857215
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADMASO HOLDING AS. Revenue 2.21m NOK → 900.0k NOK (-59.2%). Net result +31 NOK → -512.2k NOK. Equity 2.36m NOK → 1.07m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 2.33m NOK → 442 NOK (105% → 0% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.21m NOK to 900.0k NOK (-59.2% YoY). Calculated
-
↓
Fell into a net loss
Net result flipped from 31 NOK profit to a loss of 512.2k NOK. Calculated
-
↓
Equity eroded
Book equity 2.36m NOK → 1.07m NOK (equity ratio 48.2% → 30.2%). Calculated
-
↓
Cash fell
Bank deposits 473.4k NOK → 106.7k NOK (-77.5% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 3.36× → 0.27× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated