ADWATER AS: årsregnskap 2019 vs 2018
Grew 168% on revenue, returned to profit
approved 2020-06-30; registry 2020-08-05; journal 2020 649814
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADWATER AS. Revenue 476 NOK → 1 276 NOK (+168.1%). Net result -2 199 NOK → +106.6k NOK. Equity 27.8k NOK → 6.13m NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened.
Net constructive year on the published lines.
At a glance
Scorecard
Revenue
476 NOK
1 276 NOK
+168.1%
Operating result
n/m
+10 NOK
—
Net result
-2 199 NOK
+106.6k NOK
+4949.1%
Equity
27.8k NOK
6.13m NOK
+21965.5%
Cash
30.0k NOK
153.6k NOK
+412.0%
Total assets
51.2k NOK
279.1k NOK
+444.6%
What improved
-
↑
Revenue rose
Operating income / revenue moved from 476 NOK to 1 276 NOK (+168.1% YoY). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 2 199 NOK to a profit of 106.6k NOK. Calculated
-
↑
Equity strengthened
Book equity 27.8k NOK → 6.13m NOK (equity ratio 54.2% → 2197.9%). Calculated
-
↑
Cash rose
Bank deposits 30.0k NOK → 153.6k NOK (+412.0% YoY). Calculated