ADORACION AS: årsregnskap 2019 vs 2018
Shrank 54% on revenue, slipped into loss
approved 2020-08-28; registry 2020-09-12; journal 2020 804309
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADORACION AS. Revenue 305.7k NOK → 140.5k NOK (-54.0%). Net result +54.6k NOK → -5 505 NOK. Equity 165.7k NOK → 160.2k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADORACION AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 53.6k NOK → 176.9k NOK (+230.3% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 305.7k NOK to 140.5k NOK (-54.0% YoY). Calculated
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↓
Operating result weakened
Operating result +57.5k NOK → -7 415 NOK (op. margin 18.8% → -5.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 54.6k NOK profit to a loss of 5 505 NOK. Calculated
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↓
Equity eroded
Book equity 165.7k NOK → 160.2k NOK (equity ratio 88.8% → 88.6%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 174.8k NOK → 85.7k NOK (-51.0% YoY). Calculated