ADAN MACHINERY AS: årsregnskap 2016 vs 2015
Shrank 18% on revenue, slipped into loss
approved 2017-10-02; registry 2017-10-04; journal 2017 890695
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADAN MACHINERY AS. Revenue 999.3k NOK → 814.6k NOK (-18.5%). Net result +319.4k NOK → -141.1k NOK. Equity 150.6k NOK → 9 557 NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADAN MACHINERY AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 3 124 NOK → 105.8k NOK (+3287.0% YoY). Calculated
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↑
Payroll decreased
Salary cost 2 NOK → -30.4k NOK (0% → -4% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 999.3k NOK to 814.6k NOK (-18.5% YoY). Calculated
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↓
Operating result weakened
Operating result -94.3k NOK → -143.96bn NOK (op. margin -9.4% → -17671943.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 319.4k NOK profit to a loss of 141.1k NOK. Calculated
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↓
Equity eroded
Book equity 150.6k NOK → 9 557 NOK (equity ratio 45.4% → 1.5%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.64× → 0.93× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation