ADMINCONTROL AS: årsregnskap 2018 vs 2017
Shrank 100% on revenue
approved 2019-05-21; registry 2019-07-23; journal 2019 764833
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADMINCONTROL AS. Revenue 110.93m NOK → 144.9k NOK (-99.9%). Net result 0 NOK → +22 NOK. Equity 2.87m NOK → 2.78m NOK.
On the constructive side: operating result improved; cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADMINCONTROL AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +11 NOK → +30 NOK (op. margin 0.0% → 0.0%). Calculated
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↑
Cash rose
Bank deposits 35.02m NOK → 98.39m NOK (+181.0% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 110.93m NOK to 144.9k NOK (-99.9% YoY). Calculated
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↓
Equity eroded
Book equity 2.87m NOK → 2.78m NOK (equity ratio 2.2% → 2.2%). Calculated
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↓
Payroll up without matching revenue
Salary cost 45.46m NOK → 52.72m NOK (41% → 36386% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 1.68m NOK → 1.68m NOK. Reported fact