ADMMIT AS: årsregnskap 2019 vs 2018
Grew 63% on revenue, weaker earnings
approved 2020-03-20; registry 2020-08-19; journal 2020 682224
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADMMIT AS. Revenue 6.30m NOK → 10.26m NOK (+62.9%). Net result +942.1k NOK → +618.8k NOK. Equity 2.55m NOK → 3.17m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADMMIT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.30m NOK to 10.26m NOK (+62.9% YoY). Calculated
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↑
Operating result improved
Operating result +59.0k NOK → +1.17m NOK (op. margin 0.9% → 11.4%). Calculated
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↑
Equity strengthened
Book equity 2.55m NOK → 3.17m NOK (equity ratio 23.4% → 30.5%). Calculated
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↑
Cash rose
Bank deposits 39.7k NOK → 340.7k NOK (+758.3% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +942.1k NOK → +618.8k NOK (net margin 15.0% → 6.0%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2 474 NOK → 2.36m NOK (0% → 23% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 29.1k NOK → 99.5k NOK (+242.4% YoY). Calculated