FirmaIQ
Org.nr 979 154 895 2015 → 2016 Year-over-year analysis

ADACON AS: årsregnskap 2016 vs 2015

Shrank 100% on revenue, cash halved-plus

approved 2017-05-19; registry 2017-06-21; journal 2017 501171

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for ADACON AS. Revenue 1.07m NOK → 0 NOK (-100.0%). Equity 1.26m NOK → 271.0k NOK.

Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADACON AS.

At a glance

Scorecard

Revenue
1.07m NOK 0 NOK
-100.0%
Equity
1.26m NOK 271.0k NOK
-78.5%
Cash
1.39m NOK 390.9k NOK
-71.8%
Total assets
1.39m NOK 402.1k NOK
-71.1%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.07m NOK to 0 NOK (-100.0% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 1.26m NOK → 271.0k NOK (equity ratio 90.6% → 67.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.39m NOK → 390.9k NOK (-71.8% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 920.8k NOK → 2.92m NOK. Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (1.39m NOK → 390.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation