ADMIRAL ENERGY AS: årsregnskap 2018 vs 2017
Shrank 100% on revenue, stronger earnings, cash halved-plus
approved 2019-05-12; registry 2019-05-14; journal 2019 367672
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADMIRAL ENERGY AS. Revenue 16.7k NOK → 0 NOK (-100.0%). Net result -338.3k NOK → -2 957 NOK. Equity -377.4k NOK → -380.4k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADMIRAL ENERGY AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -338.0k NOK → -2 386 NOK. Calculated
-
↑
Net result improved
Net result -338.3k NOK → -2 957 NOK. Calculated
-
↑
Payroll decreased
Salary cost 323.5k NOK → 315 NOK. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 16.7k NOK to 0 NOK (-100.0% YoY). Calculated
-
↓
Equity eroded
Book equity -377.4k NOK → -380.4k NOK (equity ratio -3223.5% → -15665.9%). Calculated
-
↓
Cash fell
Bank deposits 11.7k NOK → 2 428 NOK (-79.3% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -15665.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 20.2k NOK → 0 NOK (-100.0% YoY). Calculated