ADROIT AS: årsregnskap 2018 vs 2017
Cash halved-plus, fresh owner capital
approved 2019-07-31; registry 2019-09-09; journal 2019 933908
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADROIT AS. Revenue 971.9k NOK → 933.5k NOK (-3.9%). Equity 104.5k NOK → 53.3k NOK.
On the constructive side: owners injected capital. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADROIT AS.
At a glance
Scorecard
What improved
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↑
Owners injected capital
Paid-in equity rose 22.3k NOK → 53.3k NOK (+31.0k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 971.9k NOK to 933.5k NOK (-3.9% YoY). Calculated
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↓
Equity eroded
Book equity 104.5k NOK → 53.3k NOK (equity ratio 20.3% → 10.0%). Calculated
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↓
Cash fell
Bank deposits 250.4k NOK → 69.6k NOK (-72.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.22× → 0.72× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 458.1k NOK → 510.0k NOK (47% → 55% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 10.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation