ADO ARENA DRIFT AS: årsregnskap 2019 vs 2018
Weaker earnings
approved 2020-06-10; registry 2020-09-14; journal 2020 805413
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADO ARENA DRIFT AS. Revenue 28.60m NOK → 29.36m NOK (+2.6%). Net result +850.4k NOK → +637.5k NOK. Equity 3.43m NOK → 4.07m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADO ARENA DRIFT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 28.60m NOK to 29.36m NOK (+2.6% YoY). Calculated
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↑
Equity strengthened
Book equity 3.43m NOK → 4.07m NOK (equity ratio 25.9% → 21.7%). Calculated
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↑
Cash rose
Bank deposits 8.12m NOK → 14.66m NOK (+80.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +867.6k NOK → +654.5k NOK (op. margin 3.0% → 2.2%). Calculated
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↓
Net result weakened
Net result +850.4k NOK → +637.5k NOK (net margin 3.0% → 2.2%). Calculated
Things to notice
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·
Payroll increased
Salary cost 18.82m NOK → 20.43m NOK (66% → 70% of revenue). Calculated