ADRIEN MANN AGENTURER AS: årsregnskap 2019 vs 2018
Shrank 16% on revenue, slipped into loss
approved 2020-09-04; registry 2020-10-12; journal 2020 924300
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADRIEN MANN AGENTURER AS. Revenue 15.53m NOK → 13.08m NOK (-15.7%). Net result +542.3k NOK → -1.71m NOK. Equity 7.37m NOK → 14 NOK.
On the constructive side: cash rose. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADRIEN MANN AGENTURER AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 123.1k NOK → 207.0k NOK (+68.1% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 15.53m NOK to 13.08m NOK (-15.7% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 542.3k NOK profit to a loss of 1.71m NOK. Calculated
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↓
Equity eroded
Book equity 7.37m NOK → 14 NOK (equity ratio 155.0% → 0.0%). Calculated
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↓
COGS moved
COGS / varekostnad 6.05m NOK → 6.25m NOK (+3.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation