ADNUNTIUS AS: årsregnskap 2018 vs 2017
Grew 2027% on revenue, fresh owner capital
approved 2019-06-21; registry 2019-07-18; journal 2019 740768
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADNUNTIUS AS. Revenue 528.0k NOK → 11.23m NOK (+2027.4%). Equity -461.6k NOK → -1.44m NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADNUNTIUS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 528.0k NOK to 11.23m NOK (+2027.4% YoY). Calculated
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↑
Operating result improved
Operating result -10.30m NOK → -4.69m NOK (op. margin -1950.0% → -41.7%). Calculated
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↑
Cash rose
Bank deposits 149.6k NOK → 359.4k NOK (+140.2% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 15.38m NOK → 19.33m NOK (+3.95m NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity -461.6k NOK → -1.44m NOK (equity ratio -7.5% → -12.8%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 11.58× → 0.08× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -12.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.94m NOK → 5.54m NOK (368% → 49% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 258.5k NOK → 340.8k NOK (+31.8% YoY). Calculated