ADORE AS: årsregnskap 2018 vs 2017
Mixed movements in the accounts
approved 2019-05-24; registry 2019-07-06; journal 2019 627865
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADORE AS. Revenue 1.58m NOK → 1.63m NOK (+3.3%). Equity 306.5k NOK → 330.5k NOK.
On the constructive side: revenue rose; equity strengthened; payroll decreased. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADORE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.58m NOK to 1.63m NOK (+3.3% YoY). Calculated
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↑
Equity strengthened
Book equity 306.5k NOK → 330.5k NOK (equity ratio 41.0% → 51.6%). Calculated
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↑
Payroll decreased
Salary cost 727.2k NOK → 607.8k NOK (46% → 37% of revenue). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 193.1k NOK → 124.4k NOK (-35.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.57× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 577.2k NOK → 641.7k NOK (+11.2% YoY). Calculated