ADROMEDA AS: årsregnskap 2019 vs 2018
Weaker earnings
approved 2020-06-18; registry 2020-08-27; journal 2020 707021
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADROMEDA AS. Revenue 0 NOK → 12.5k NOK. Net result +81.0k NOK → +2 373 NOK. Equity -5.07m NOK → -2.70m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADROMEDA AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 0 NOK to 12.5k NOK. Calculated
-
↑
Equity strengthened
Book equity -5.07m NOK → -2.70m NOK (equity ratio -775.1% → -6841.0%). Calculated
-
↑
Cash rose
Bank deposits 201.7k NOK → 827.9k NOK (+310.5% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +15.1k NOK → +12.7k NOK. Calculated
-
↓
Net result weakened
Net result +81.0k NOK → +2 373 NOK. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -6841.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 30.8k NOK → 12.9k NOK (-57.9% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 250.0k NOK → 3 251 NOK. Reported fact