ADRIA WINCH NORWAY AS: årsregnskap 2019 vs 2018
Shrank 54% on revenue
approved 2020-05-25; registry 2020-06-09; journal 2020 410025
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADRIA WINCH NORWAY AS. Revenue 3.88m NOK → 1.78m NOK (-54.2%). Net result +525.7k NOK → +507.3k NOK. Equity 2.66m NOK → 3.17m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADRIA WINCH NORWAY AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 2.66m NOK → 3.17m NOK (equity ratio 79.7% → 89.4%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 3.88m NOK to 1.78m NOK (-54.2% YoY). Calculated
-
↓
Operating result weakened
Operating result +669.4k NOK → +509.6k NOK (op. margin 17.3% → 28.7%). Calculated
-
↓
Cash fell
Bank deposits 326.0k NOK → 211.1k NOK (-35.3% YoY). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 234.8k NOK → 30.1k NOK (-87.2% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 0 NOK → 2.96m NOK. Reported fact