FirmaIQ
Org.nr 920 296 165 2018 → 2019 Year-over-year analysis

ADONAI AS: årsregnskap 2019 vs 2018

Grew 43% on revenue, stronger earnings

approved 2020-06-30; registry 2020-08-01; journal 2020 645783

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADONAI AS. Revenue 1.54m NOK → 2.20m NOK (+43.1%). Net result -873.5k NOK → -315.6k NOK. Equity -843.5k NOK → -1.16m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

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

At a glance

Scorecard

Revenue
1.54m NOK 2.20m NOK
+43.1%
Operating result
-874.2k NOK -315.4k NOK
+63.9%
Net result
-873.5k NOK -315.6k NOK
+63.9%
Equity
-843.5k NOK -1.16m NOK
-37.4%
Cash
517.7k NOK 527.4k NOK
+1.9%
Total assets
1.31m NOK 1.15m NOK
-12.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.54m NOK to 2.20m NOK (+43.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -874.2k NOK → -315.4k NOK (op. margin -56.8% → -14.3%). Calculated

  • ↑

    Net result improved

    Net result -873.5k NOK → -315.6k NOK (net margin -56.8% → -14.3%). Calculated

  • ↑

    Cash rose

    Bank deposits 517.7k NOK → 527.4k NOK (+1.9% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity -843.5k NOK → -1.16m NOK (equity ratio -64.5% → -100.9%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -100.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation