FirmaIQ
Org.nr 997 489 101 2017 → 2018 Year-over-year analysis

ADORACION AS: årsregnskap 2018 vs 2017

Grew 99% on revenue, weaker earnings

approved 2019-06-28; registry 2019-07-16; journal 2019 724046

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ADORACION AS. Revenue 153.5k NOK → 305.7k NOK (+99.2%). Net result +368.9k NOK → +54.6k NOK. Equity 111.1k NOK → 165.7k NOK.

On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADORACION AS.

At a glance

Scorecard

Revenue
153.5k NOK 305.7k NOK
+99.2%
Operating result
+369.1k NOK +57.5k NOK
-84.4%
Net result
+368.9k NOK +54.6k NOK
-85.2%
Equity
111.1k NOK 165.7k NOK
+49.1%
Cash
87.6k NOK 53.6k NOK
-38.9%
Total assets
165.0k NOK 186.7k NOK
+13.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 153.5k NOK to 305.7k NOK (+99.2% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 111.1k NOK → 165.7k NOK (equity ratio 67.4% → 88.8%). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +369.1k NOK → +57.5k NOK (op. margin 240.5% → 18.8%). Calculated

  • ↓

    Net result weakened

    Net result +368.9k NOK → +54.6k NOK (net margin 240.3% → 17.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 87.6k NOK → 53.6k NOK (-38.9% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 117.5k NOK → 174.8k NOK (+48.8% YoY). Calculated