ADREM AS: årsregnskap 2019 vs 2018
Grew 502% on revenue, weaker earnings, cash halved-plus
approved 2020-08-28; registry 2020-09-08; journal 2020 774858
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADREM AS. Revenue 3 324 NOK → 20.0k NOK (+501.7%). Net result -6 339 NOK → -470.5k NOK. Equity -26.2k NOK → -496.8k NOK.
On the constructive side: revenue rose. Pressures included: net result weakened; equity eroded; cash fell.
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
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↑
Revenue rose
Operating income / revenue moved from 3 324 NOK to 20.0k NOK (+501.7% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result -6 339 NOK → -470.5k NOK (net margin -190.7% → -2352.6%). Calculated
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↓
Equity eroded
Book equity -26.2k NOK → -496.8k NOK (equity ratio -5.0% → -896.0%). Calculated
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↓
Cash fell
Bank deposits 347.4k NOK → 20.3k NOK (-94.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -896.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 501.9k NOK → 11 NOK. Reported fact