ADAMS ISOLERING AS: årsregnskap 2017 vs 2016
Grew 157% on revenue, weaker earnings
approved 2018-09-14; registry 2018-09-17; journal 2018 924657
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADAMS ISOLERING AS. Revenue 1.46m NOK → 3.74m NOK (+156.9%). Net result +97.1k NOK → 0 NOK. Equity 10.13m NOK → 10 NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADAMS ISOLERING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.46m NOK to 3.74m NOK (+156.9% YoY). Calculated
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↑
Payroll decreased
Salary cost 2072.27bn NOK → 9 NOK (142243146% → 0% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result +97.1k NOK → 0 NOK (net margin 6.7% → 0.0%). Calculated
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↓
Equity eroded
Book equity 10.13m NOK → 10 NOK (equity ratio 523.9% → 0.0%). Calculated
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↓
Cash fell
Bank deposits -32.5k NOK → -134.5k NOK (-313.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 691.3k NOK → 238.7k NOK (-65.5% YoY). Calculated