Org.nr 994 855 387 2016 → 2017 Year-over-year analysis

AD UNDAS AS: årsregnskap 2017 vs 2016

Cash halved-plus

approved 2018-06-30; registry 2018-07-17; journal 2018 706511

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for AD UNDAS AS. Revenue 7.86m NOK → 8.03m NOK (+2.1%). Equity 242.0k NOK → 89.9k NOK.

On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.

Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AD UNDAS AS.

At a glance

Revenue

7.86m NOK 8.03m NOK

+2.1%

Net result

n/m -152.0k NOK

—

Equity

242.0k NOK 89.9k NOK

-62.8%

Cash

462.0k NOK 135.7k NOK

-70.6%

Total assets

2.01m NOK 2.03m NOK

+0.6%

↑
Revenue rose

Operating income / revenue moved from 7.86m NOK to 8.03m NOK (+2.1% YoY). Calculated

↓
Equity eroded

Book equity 242.0k NOK → 89.9k NOK (equity ratio 12.0% → 4.4%). Calculated
↓
Cash fell

Bank deposits 462.0k NOK → 135.7k NOK (-70.6% YoY). Calculated

·
Thin equity buffer

Equity ratio is 4.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Payroll increased

Salary cost 1.74m NOK → 1.83m NOK (22% → 23% of revenue). Calculated
·
COGS moved

COGS / varekostnad 4.49m NOK → 4.78m NOK (+6.4% YoY). Calculated