Org.nr 914 240 433 2017 → 2018 Year-over-year analysis

ADMIRALEN AS: årsregnskap 2018 vs 2017

Shrank 100% on revenue

approved 2019-05-26; registry 2019-06-25; journal 2019 523924

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ADMIRALEN AS. Revenue 10.39m NOK → 0 NOK (-100.0%). Equity 5.73m NOK → 791.8k NOK.

On the constructive side: operating result improved; cash rose. Pressures included: revenue fell; equity eroded.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADMIRALEN AS.

At a glance

Revenue

10.39m NOK 0 NOK

-100.0%

Operating result

-94.5k NOK -12.3k NOK

+87.0%

Net result

n/m +6 689 NOK

—

Equity

5.73m NOK 791.8k NOK

-86.2%

Cash

120.9k NOK 141.2k NOK

+16.8%

Total assets

10.32m NOK 1.02m NOK

-90.2%

↑
Operating result improved

Operating result -94.5k NOK → -12.3k NOK. Calculated
↑
Cash rose

Bank deposits 120.9k NOK → 141.2k NOK (+16.8% YoY). Calculated

↓
Revenue fell

Operating income / revenue moved from 10.39m NOK to 0 NOK (-100.0% YoY). Calculated
↓
Equity eroded

Book equity 5.73m NOK → 791.8k NOK (equity ratio 55.5% → 77.9%). Calculated

·
Book investments changed

Investment / intangible book value 10.13m NOK → 753.0k NOK. Reported fact