FirmaIQ
Org.nr 893 020 462 2018 → 2019 Year-over-year analysis

ADMIRAL OFFSHORE AS: årsregnskap 2019 vs 2018

Shrank 100% on revenue, slipped into loss, cash halved-plus

approved 2020-05-07; registry 2020-05-11; journal 2020 346622

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADMIRAL OFFSHORE AS. Revenue 1.05m NOK → 0 NOK (-100.0%). Net result +135.7k NOK → -13.2k NOK. Equity 2.04m NOK → 2.06m NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
1.05m NOK 0 NOK
-100.0%
Operating result
+42.8k NOK -5 619 NOK
-113.1%
Net result
+135.7k NOK -13.2k NOK
-109.7%
Equity
2.04m NOK 2.06m NOK
+1.2%
Cash
368.3k NOK 110.2k NOK
-70.1%
Total assets
2.07m NOK 2.06m NOK
-0.6%

What improved

  • ↑

    Equity strengthened

    Book equity 2.04m NOK → 2.06m NOK (equity ratio 98.3% → 100.0%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.05m NOK to 0 NOK (-100.0% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +42.8k NOK → -5 619 NOK. Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 135.7k NOK profit to a loss of 13.2k NOK. Calculated

  • ↓

    Cash fell

    Bank deposits 368.3k NOK → 110.2k NOK (-70.1% YoY). Calculated