ADP AS: årsregnskap 2018 vs 2017
Weaker earnings, cash halved-plus
approved 2019-05-24; registry 2019-07-04; journal 2019 605504
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADP AS. Revenue 17.16m NOK → 17.23m NOK (+0.4%). Net result +777.2k NOK → +346.6k NOK. Equity 167.6k NOK → 514.1k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADP AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 17.16m NOK to 17.23m NOK (+0.4% YoY). Calculated
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↑
Equity strengthened
Book equity 167.6k NOK → 514.1k NOK (equity ratio 2.9% → 19.4%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1.07m NOK → +506.5k NOK (op. margin 6.3% → 2.9%). Calculated
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↓
Net result weakened
Net result +777.2k NOK → +346.6k NOK (net margin 4.5% → 2.0%). Calculated
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↓
Cash fell
Bank deposits 2.26m NOK → 1.01m NOK (-55.5% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 5.88m NOK → 6.60m NOK (34% → 38% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 8.06m NOK → 7.60m NOK (-5.8% YoY). Calculated