ADWANS AS: årsregnskap 2019 vs 2018
Shrank 32% on revenue
approved 2020-05-08; registry 2020-08-13; journal 2020 670142
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADWANS AS. Revenue 466.3k NOK → 319.2k NOK (-31.5%). Equity -608.8k NOK → -589.8k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; cogs moved.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADWANS AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -608.8k NOK → -589.8k NOK (equity ratio -576.9% → -608045.4%). Calculated
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↑
Payroll decreased
Salary cost 102.3k NOK → 63.1k NOK (22% → 20% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 466.3k NOK to 319.2k NOK (-31.5% YoY). Calculated
-
↓
Operating result weakened
Operating result +90.8k NOK → +18.7k NOK (op. margin 19.5% → 5.9%). Calculated
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↓
COGS moved
COGS / varekostnad 4 500 NOK → 23.0k NOK (+411.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -608045.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation