Org.nr 996 301 125 2017 → 2018 Year-over-year analysis

ADRENALINCONSULT AS: årsregnskap 2018 vs 2017

Shrank 100% on revenue, cash halved-plus

approved 2019-06-28; registry 2019-07-06; journal 2019 631575

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ADRENALINCONSULT AS. Revenue 734.5k NOK → 1 661 NOK (-99.8%). Equity 160.7k NOK → 127.8k NOK.

On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer; sharp cash drawdown. All figures are taken from the published annual accounts for ADRENALINCONSULT AS.

At a glance

Revenue

734.5k NOK 1 661 NOK

-99.8%

Operating result

n/m -34.8k NOK

—

Net result

n/m -32.9k NOK

—

Equity

160.7k NOK 127.8k NOK

-20.5%

Cash

7.14m NOK 121.1k NOK

-98.3%

Total assets

357 NOK 216.67m NOK

+60691596.6%

↑
Current ratio back above 1×

Current ratio 0.00× → 2438.57×. Calculated
↑
Payroll decreased

Salary cost 6.13m NOK → 5 601 NOK (835% → 337% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 734.5k NOK to 1 661 NOK (-99.8% YoY). Calculated
↓
Equity eroded

Book equity 160.7k NOK → 127.8k NOK (equity ratio 45010.4% → 0.1%). Calculated
↓
Cash fell

Bank deposits 7.14m NOK → 121.1k NOK (-98.3% YoY). Calculated
↓
COGS moved

COGS / varekostnad 415.7k NOK → 704.6k NOK (+69.5% YoY). Calculated

·
Thin equity buffer

Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Sharp cash drawdown

Cash fell by more than 60% YoY (7.14m NOK → 121.1k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation