ADUNDAS DESIGN AS: årsregnskap 2019 vs 2018
Grew 27% on revenue
approved 2020-08-31; registry 2020-10-08; journal 2020 937354
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADUNDAS DESIGN AS. Revenue 1.63m NOK → 2.08m NOK (+27.3%). Equity 111.0k NOK → 53.7k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADUNDAS DESIGN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.63m NOK to 2.08m NOK (+27.3% YoY). Calculated
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↑
Operating result improved
Operating result +114.8k NOK → +201.9k NOK (op. margin 7.0% → 9.7%). Calculated
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↑
Cash rose
Bank deposits 15.1k NOK → 23.3k NOK (+53.9% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 111.0k NOK → 53.7k NOK (equity ratio 22.8% → 10.6%). Calculated
Things to notice
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·
Payroll increased
Salary cost 3 152 NOK → 1.44m NOK (0% → 69% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 81.5k NOK → 89.6k NOK (+9.9% YoY). Calculated