ADREGA AS: årsregnskap 2018 vs 2017
Shrank 8% on revenue, slipped into loss
approved 2019-05-29; registry 2019-07-01; journal 2019 563476
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADREGA AS. Revenue 2.07m NOK → 1.90m NOK (-7.9%). Net result +3.24m NOK → -2.76m NOK. Equity -43.93m NOK → -46.69m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADREGA AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 3.09m NOK → 2.67m NOK (149% → 140% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.07m NOK to 1.90m NOK (-7.9% YoY). Calculated
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↓
Operating result weakened
Operating result +3 233 NOK → +704 NOK (op. margin 0.2% → 0.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 3.24m NOK profit to a loss of 2.76m NOK. Calculated
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↓
Equity eroded
Book equity -43.93m NOK → -46.69m NOK (equity ratio -6752.3% → -6952.0%). Calculated
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↓
Cash fell
Bank deposits 239.1k NOK → 174.3k NOK (-27.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -6952.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation