ADA&VILDE AS: årsregnskap 2017 vs 2016
Grew 190% on revenue, cash halved-plus
approved 2018-03-05; registry 2018-03-07; journal 2018 222767
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADA&VILDE AS. Revenue 572.5k NOK → 1.66m NOK (+190.0%). Net result -46.5k NOK → -55.4k NOK. Equity -57.8k NOK → -113.2k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADA&VILDE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 572.5k NOK to 1.66m NOK (+190.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -12.1k NOK → -28.9k NOK (op. margin -2.1% → -1.7%). Calculated
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↓
Net result weakened
Net result -46.5k NOK → -55.4k NOK (net margin -8.1% → -3.3%). Calculated
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↓
Equity eroded
Book equity -57.8k NOK → -113.2k NOK (equity ratio -12.4% → -45.9%). Calculated
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↓
Cash fell
Bank deposits 122.8k NOK → -72.3k NOK (-158.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -45.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 337.9k NOK → 425.8k NOK (59% → 26% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 984.1k NOK → 997.1k NOK (+1.3% YoY). Calculated