ADN HOLDING AS: årsregnskap 2019 vs 2018
Stronger earnings
approved 2020-03-20; registry 2020-06-08; journal 2020 400655
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADN HOLDING AS. Net result +371.0k NOK → +565.8k NOK. Equity 763.3k NOK → 29.1k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADN HOLDING AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -24.4k NOK → -22.0k NOK. Calculated
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↑
Net result improved
Net result +371.0k NOK → +565.8k NOK. Calculated
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↑
Cash rose
Bank deposits 8 723 NOK → 13.0k NOK (+49.5% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 763.3k NOK → 29.1k NOK (equity ratio 24.1% → 0.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation