ADRIAN AS: årsregnskap 2018 vs 2017
Grew 352% on revenue, cash halved-plus
approved 2019-06-14; registry 2019-06-26; journal 2019 525810
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADRIAN AS. Revenue -3.87m NOK → 9.76m NOK (+352.0%). Equity 57.74m NOK → 67.30m NOK.
On the constructive side: revenue rose; equity strengthened; payroll decreased. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ADRIAN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from -3.87m NOK to 9.76m NOK (+352.0% YoY). Calculated
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↑
Equity strengthened
Book equity 57.74m NOK → 67.30m NOK (equity ratio 72.6% → 67.3%). Calculated
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↑
Payroll decreased
Salary cost 134.8k NOK → 4 134 NOK (-3% → 0% of revenue). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 10.70m NOK → 1.19m NOK (-88.9% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (10.70m NOK → 1.19m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 50.37m NOK → 52.15m NOK. Reported fact