ADRETT AS: årsregnskap 2019 vs 2018
Grew 20% on revenue, weaker earnings
approved 2020-05-27; registry 2020-06-11; journal 2020 417482
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADRETT AS. Revenue 8.15m NOK → 9.81m NOK (+20.4%). Net result +738.0k NOK → +1 116 NOK. Equity 1.39m NOK → 1.58m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADRETT AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 8.15m NOK to 9.81m NOK (+20.4% YoY). Calculated
-
↑
Equity strengthened
Book equity 1.39m NOK → 1.58m NOK (equity ratio 44.7% → 41.5%). Calculated
-
↑
Cash rose
Bank deposits 1.30m NOK → 1.57m NOK (+21.1% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.97× → 1.65×. Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +967.2k NOK → +444.4k NOK (op. margin 11.9% → 4.5%). Calculated
-
↓
Net result weakened
Net result +738.0k NOK → +1 116 NOK (net margin 9.1% → 0.0%). Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 140.0k NOK → 440 NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Payroll increased
Salary cost 2.81m NOK → 3.19m NOK (34% → 33% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 2.93m NOK → 3.50m NOK (+19.7% YoY). Calculated