ADAMIETZ NORGE AS: årsregnskap 2017 vs 2016
Shrank 55% on revenue, weaker earnings
approved 2018-06-21; registry 2018-07-14; journal 2018 708494
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADAMIETZ NORGE AS. Revenue 805.1k NOK → 363.3k NOK (-54.9%). Net result +157.9k NOK → +80.6k NOK. Equity 601.8k NOK → 682.4k NOK.
On the constructive side: equity strengthened; cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADAMIETZ NORGE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 601.8k NOK → 682.4k NOK (equity ratio 302.8% → 90.6%). Calculated
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↑
Cash rose
Bank deposits 510.2k NOK → 562.6k NOK (+10.3% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 10.60×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 805.1k NOK to 363.3k NOK (-54.9% YoY). Calculated
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↓
Operating result weakened
Operating result +160.0k NOK → +103.9k NOK (op. margin 19.9% → 28.6%). Calculated
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↓
Net result weakened
Net result +157.9k NOK → +80.6k NOK (net margin 19.6% → 22.2%). Calculated
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↓
Payroll up without matching revenue
Salary cost 1 161 NOK → 37.6k NOK (0% → 10% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 331.6k NOK → 101.8k NOK (-69.3% YoY). Calculated