ADP AS: årsregnskap 2019 vs 2018
Shrank 44% on revenue, slipped into loss, cash halved-plus
approved 2020-06-16; registry 2020-07-09; journal 2020 555930
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADP AS. Revenue 17.23m NOK → 9.63m NOK (-44.1%). Net result +346.6k NOK → -2 971 NOK. Equity 514.1k NOK → 511.2k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for ADP AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 6.60m NOK → 5.10m NOK (38% → 53% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 17.23m NOK to 9.63m NOK (-44.1% YoY). Calculated
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↓
Operating result weakened
Operating result +506.5k NOK → +31.9k NOK (op. margin 2.9% → 0.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 346.6k NOK profit to a loss of 2 971 NOK. Calculated
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↓
Equity eroded
Book equity 514.1k NOK → 511.2k NOK (equity ratio 19.4% → 12.1%). Calculated
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↓
Cash fell
Bank deposits 1.01m NOK → 311.8k NOK (-69.0% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.01m NOK → 311.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 7.60m NOK → 2.54m NOK (-66.6% YoY). Calculated