ADS SENTRUM AS: årsregnskap 2019 vs 2018
Shrank 18% on revenue, weaker earnings
approved 2020-09-10; registry 2020-09-26; journal 2020 859193
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADS SENTRUM AS. Revenue 2.79m NOK → 2.29m NOK (-18.2%). Net result +963.6k NOK → +485.6k NOK. Equity 2.88m NOK → 2.62m NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 312.5k NOK → 727.1k NOK (+132.7% YoY). Calculated
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↑
Payroll decreased
Salary cost 110.6k NOK → 2 110 NOK (4% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.79m NOK to 2.29m NOK (-18.2% YoY). Calculated
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↓
Operating result weakened
Operating result +1.67m NOK → +1.25m NOK (op. margin 59.8% → 54.9%). Calculated
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↓
Net result weakened
Net result +963.6k NOK → +485.6k NOK (net margin 34.5% → 21.2%). Calculated
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↓
Equity eroded
Book equity 2.88m NOK → 2.62m NOK (equity ratio 16.9% → 13.3%). Calculated