ADMIRATION AS: årsregnskap 2019 vs 2018
Grew 17% on revenue, weaker earnings
approved 2021-07-31; registry 2021-08-09; journal 2021 614942
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADMIRATION AS. Revenue 732.3k NOK → 853.9k NOK (+16.6%). Net result +179.9k NOK → +110.3k NOK. Equity 134.3k NOK → 244.6k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADMIRATION AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 732.3k NOK to 853.9k NOK (+16.6% YoY). Calculated
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↑
Equity strengthened
Book equity 134.3k NOK → 244.6k NOK (equity ratio 47.9% → 112.8%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +241.5k NOK → +169.6k NOK (op. margin 33.0% → 19.9%). Calculated
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↓
Net result weakened
Net result +179.9k NOK → +110.3k NOK (net margin 24.6% → 12.9%). Calculated
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Cash fell
Bank deposits 54.8k NOK → 42.1k NOK (-23.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.23× → -0.39× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 367.0k NOK → 465.5k NOK (50% → 55% of revenue). Calculated