ADUNO AS: årsregnskap 2019 vs 2018
Grew 103% on revenue, cash halved-plus
approved 2020-06-25; registry 2020-07-02; journal 2020 529101
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADUNO AS. Revenue 848.9k NOK → 1.72m NOK (+103.1%). Net result +162.7k NOK → +162.7k NOK. Equity 3.22m NOK → 3.39m NOK.
On the constructive side: revenue rose; equity strengthened; payroll decreased. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for ADUNO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 848.9k NOK to 1.72m NOK (+103.1% YoY). Calculated
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↑
Equity strengthened
Book equity 3.22m NOK → 3.39m NOK (equity ratio 79.9% → 81.2%). Calculated
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↑
Payroll decreased
Salary cost 5.34m NOK → 5 NOK (629% → 0% of revenue). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 763.9k NOK → 196.5k NOK (-74.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.29× → 0.75× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 38.4k NOK → 174.7k NOK (+354.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 176.0k NOK → 550 NOK. Reported fact