Org.nr 913 850 513 2018 → 2019 Year-over-year analysis

ADORE AS: årsregnskap 2019 vs 2018

Shrank 7% on revenue

approved 2020-08-10; registry 2020-09-01; journal 2020 721877

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADORE AS. Revenue 1.63m NOK → 1.52m NOK (-6.9%). Equity 330.5k NOK → 221.3k NOK.

On the constructive side: current ratio back above 1×. Pressures included: revenue fell; equity eroded; cash fell.

Net tougher year on the published lines.

At a glance

Revenue

1.63m NOK 1.52m NOK

-6.9%

Operating result

n/m -136.3k NOK

—

Net result

n/m -109.1k NOK

—

Equity

330.5k NOK 221.3k NOK

-33.0%

Cash

124.4k NOK 102.9k NOK

-17.3%

Total assets

640.4k NOK 542.8k NOK

-15.2%

↓
Revenue fell

Operating income / revenue moved from 1.63m NOK to 1.52m NOK (-6.9% YoY). Calculated
↓
Equity eroded

Book equity 330.5k NOK → 221.3k NOK (equity ratio 51.6% → 40.8%). Calculated
↓
Cash fell

Bank deposits 124.4k NOK → 102.9k NOK (-17.3% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 607.8k NOK → 663.6k NOK (37% → 44% of revenue). Calculated
↓
COGS moved

COGS / varekostnad 641.7k NOK → 659.5k NOK (+2.8% YoY). Calculated