ADA&VILDE AS: årsregnskap 2016 vs 2015
Shrank 33% on revenue, stronger earnings
approved 2017-03-20; registry 2017-03-29; journal 2017 252064
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADA&VILDE AS. Revenue 853.2k NOK → 572.5k NOK (-32.9%). Net result -69.7k NOK → -46.5k NOK. Equity -11.3k NOK → -57.8k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADA&VILDE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -48.5k NOK → -12.1k NOK (op. margin -5.7% → -2.1%). Calculated
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Net result improved
Net result -69.7k NOK → -46.5k NOK (net margin -8.2% → -8.1%). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 853.2k NOK to 572.5k NOK (-32.9% YoY). Calculated
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Equity eroded
Book equity -11.3k NOK → -57.8k NOK (equity ratio -1.3% → -12.4%). Calculated
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Cash fell
Bank deposits 177.7k NOK → 122.8k NOK (-30.9% YoY). Calculated
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Payroll up without matching revenue
Salary cost 2 258 NOK → 337.9k NOK (0% → 59% of revenue). Calculated
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COGS moved
COGS / varekostnad 449.6k NOK → 984.1k NOK (+118.9% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -12.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation