AD2R HOLDING AS: årsregnskap 2017 vs 2016
Shrank 6% on revenue, weaker earnings, cash halved-plus
approved 2018-06-25; registry 2018-07-11; journal 2018 667726
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AD2R HOLDING AS. Revenue 8.54m NOK → 7.99m NOK (-6.4%). Net result +987.9k NOK → +569.6k NOK. Equity 1.22m NOK → 1.09m NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AD2R HOLDING AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 8.54m NOK to 7.99m NOK (-6.4% YoY). Calculated
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↓
Operating result weakened
Operating result +884.8k NOK → +778.9k NOK (op. margin 10.4% → 9.7%). Calculated
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↓
Net result weakened
Net result +987.9k NOK → +569.6k NOK (net margin 11.6% → 7.1%). Calculated
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↓
Equity eroded
Book equity 1.22m NOK → 1.09m NOK (equity ratio 31.0% → 27.3%). Calculated
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↓
Cash fell
Bank deposits 329.2k NOK → 155.8k NOK (-52.7% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 3.30m NOK → 2.26m NOK (-31.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 652.5k NOK → 605.4k NOK. Reported fact