ADMIT AS: årsregnskap 2018 vs 2017
Shrank 29% on revenue, returned to profit
approved 2019-03-04; registry 2019-03-11; journal 2019 230230
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADMIT AS. Revenue 1.42m NOK → 1.01m NOK (-29.3%). Net result -406.8k NOK → +505.5k NOK. Equity 1.05m NOK → 3.85m NOK.
On the constructive side: turned profitable; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened.
Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ADMIT AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 406.8k NOK to a profit of 505.5k NOK. Calculated
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↑
Equity strengthened
Book equity 1.05m NOK → 3.85m NOK (equity ratio 28.1% → 89.9%). Calculated
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↑
Cash rose
Bank deposits 35.0k NOK → 2.67m NOK (+7543.1% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.38× → 9.94×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.42m NOK to 1.01m NOK (-29.3% YoY). Calculated
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↓
Operating result weakened
Operating result -431.8k NOK → -3.85m NOK (op. margin -30.3% → -381.7%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 929.3k NOK → 204.3k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 1.35m NOK → 234.1k NOK (-82.6% YoY). Calculated