ADREM AS: årsregnskap 2018 vs 2017
Stronger earnings
approved 2019-05-31; registry 2020-09-12; journal 2020 804167
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADREM AS. Revenue 3 324 NOK → 3 324 NOK (0.0%). Net result -25.3k NOK → -6 339 NOK. Equity -19.9k NOK → -26.2k NOK.
On the constructive side: net result improved; cash rose; payroll decreased. Pressures included: equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADREM AS.
At a glance
Scorecard
What improved
-
↑
Net result improved
Net result -25.3k NOK → -6 339 NOK (net margin -761.6% → -190.7%). Calculated
-
↑
Cash rose
Bank deposits 426 NOK → 347.4k NOK (+81455.4% YoY). Calculated
-
↑
Payroll decreased
Salary cost 21.1k NOK → -79 NOK (636% → -2% of revenue). Calculated
What deteriorated
-
↓
Equity eroded
Book equity -19.9k NOK → -26.2k NOK (equity ratio -4.9% → -5.0%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -5.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 4.41m NOK → 501.9k NOK. Reported fact