ADWIZO AS: årsregnskap 2019 vs 2018
Grew 2182% on revenue, stronger earnings
approved 2020-06-30; registry 2020-08-31; journal 2020 718945
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADWIZO AS. Revenue 40.0k NOK → 912.7k NOK (+2181.8%). Net result +10.9k NOK → +37.7k NOK. Equity 32.1k NOK → 34.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADWIZO AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 40.0k NOK to 912.7k NOK (+2181.8% YoY). Calculated
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Operating result improved
Operating result +16.6k NOK → +27.1k NOK (op. margin 41.6% → 3.0%). Calculated
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Net result improved
Net result +10.9k NOK → +37.7k NOK (net margin 27.3% → 4.1%). Calculated
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Equity strengthened
Book equity 32.1k NOK → 34.9k NOK (equity ratio 6.0% → 5.0%). Calculated
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Cash rose
Bank deposits 87.1k NOK → 94.1k NOK (+8.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 5.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation