ADRIAN & CO AS: årsregnskap 2018 vs 2017
Grew 24% on revenue, cash halved-plus
approved 2019-07-01; registry 2019-07-15; journal 2019 711704
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADRIAN & CO AS. Revenue 312.3k NOK → 388.3k NOK (+24.3%). Equity 82.38m NOK → 83.23m 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 & CO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 312.3k NOK to 388.3k NOK (+24.3% YoY). Calculated
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↑
Equity strengthened
Book equity 82.38m NOK → 83.23m NOK (equity ratio 99.6% → 99.5%). Calculated
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↑
Payroll decreased
Salary cost 419.1k NOK → 373.8k NOK (134% → 96% of revenue). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 11.07m NOK → 4.20m NOK (-62.1% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (11.07m NOK → 4.20m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 35.46m NOK → 38.91m NOK. Reported fact