ADMIT AS: årsregnskap 2019 vs 2018
Shrank 13% on revenue, weaker earnings
approved 2020-02-04; registry 2020-05-05; journal 2020 328302
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADMIT AS. Revenue 1.01m NOK → 880.8k NOK (-12.6%). Net result +505.5k NOK → +114.1k NOK. Equity 3.85m NOK → 875.9k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADMIT AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -3.85m NOK → +111.5k NOK (op. margin -381.7% → 12.7%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.01m NOK to 880.8k NOK (-12.6% YoY). Calculated
-
↓
Net result weakened
Net result +505.5k NOK → +114.1k NOK (net margin 50.2% → 13.0%). Calculated
-
↓
Equity eroded
Book equity 3.85m NOK → 875.9k NOK (equity ratio 89.9% → 33.0%). Calculated
-
↓
Cash fell
Bank deposits 2.67m NOK → 1.39m NOK (-48.2% YoY). Calculated
-
↓
COGS moved
COGS / varekostnad 234.1k NOK → 492.1k NOK (+110.2% YoY). Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 200.0k NOK → 150.0k NOK. Reported fact