Org.nr 979 953 046 2018 → 2019 Year-over-year analysis

ADOBE SYSTEMS NORGE AS: årsregnskap 2019 vs 2018

Grew 13% on revenue

approved 2020-04-28; registry 2020-06-09; journal 2020 401775

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADOBE SYSTEMS NORGE AS. Revenue 8.86m NOK → 9.97m NOK (+12.5%). Equity 14.81m NOK → 2.04m NOK.

On the constructive side: revenue rose; payroll decreased. Pressures included: equity eroded; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADOBE SYSTEMS NORGE AS.

At a glance

Revenue

8.86m NOK 9.97m NOK

+12.5%

Operating result

n/m +7.66m NOK

—

Net result

n/m +5.93m NOK

—

Equity

14.81m NOK 2.04m NOK

-86.2%

Cash

8.26m NOK 4.79m NOK

-42.1%

Total assets

16.85m NOK 22.93m NOK

+36.1%

↑
Revenue rose

Operating income / revenue moved from 8.86m NOK to 9.97m NOK (+12.5% YoY). Calculated
↑
Payroll decreased

Salary cost 1.66m NOK → 1.60m NOK (19% → 16% of revenue). Calculated

↓
Equity eroded

Book equity 14.81m NOK → 2.04m NOK (equity ratio 87.9% → 8.9%). Calculated
↓
Cash fell

Bank deposits 8.26m NOK → 4.79m NOK (-42.1% YoY). Calculated

·
Thin equity buffer

Equity ratio is 8.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation