ADURNA AS: årsregnskap 2018 vs 2017
Grew 27% on revenue, slipped into loss, cash halved-plus
approved 2019-06-24; registry 2019-07-09; journal 2019 643635
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADURNA AS. Revenue 36.3k NOK → 46.0k NOK (+26.7%). Net result +4.15m NOK → -4.08m NOK. Equity 9.31m NOK → 5.23m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ADURNA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 36.3k NOK to 46.0k NOK (+26.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -663.8k NOK → -717.0k NOK (op. margin -1828.8% → -1558.7%). Calculated
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↓
Fell into a net loss
Net result flipped from 4.15m NOK profit to a loss of 4.08m NOK. Calculated
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↓
Equity eroded
Book equity 9.31m NOK → 5.23m NOK (equity ratio 81.3% → 30.9%). Calculated
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↓
Cash fell
Bank deposits 2.49m NOK → 242.0k NOK (-90.3% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.49m NOK → 242.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 300.0k NOK → 6 NOK. Reported fact