ADRENALINCONSULT AS: årsregnskap 2019 vs 2018
Grew 48201% on revenue, stronger earnings, cash halved-plus
approved 2020-07-01; registry 2020-07-09; journal 2020 565449
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADRENALINCONSULT AS. Revenue 1 661 NOK → 802.3k NOK (+48201.3%). Net result -32.9k NOK → -19.0k NOK. Equity 127.8k NOK → 108.8k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADRENALINCONSULT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 661 NOK to 802.3k NOK (+48201.3% YoY). Calculated
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↑
Operating result improved
Operating result -34.8k NOK → -9 747 NOK (op. margin -2098.0% → -1.2%). Calculated
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↑
Net result improved
Net result -32.9k NOK → -19.0k NOK (net margin -1978.9% → -2.4%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 127.8k NOK → 108.8k NOK (equity ratio 0.1% → 52.8%). Calculated
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↓
Cash fell
Bank deposits 121.1k NOK → 10.5k NOK (-91.3% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 5 601 NOK → 380.0k NOK (337% → 47% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 704.6k NOK → 226.0k NOK (-67.9% YoY). Calculated