ADAN MACHINERY AS: årsregnskap 2017 vs 2016
Shrank 53% on revenue, returned to profit, cash halved-plus
approved 2018-08-11; registry 2018-08-14; journal 2018 911343
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADAN MACHINERY AS. Revenue 814.6k NOK → 379.8k NOK (-53.4%). Net result -141.1k NOK → +289.2k NOK. Equity 9 557 NOK → 298.8k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADAN MACHINERY AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -143.96bn NOK → +376.1k NOK (op. margin -17671943.9% → 99.0%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 141.1k NOK to a profit of 289.2k NOK. Calculated
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↑
Equity strengthened
Book equity 9 557 NOK → 298.8k NOK (equity ratio 1.5% → 38.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 814.6k NOK to 379.8k NOK (-53.4% YoY). Calculated
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↓
Cash fell
Bank deposits 105.8k NOK → 4 752 NOK (-95.5% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost -30.4k NOK → 2 NOK (-4% → 0% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 920.0k NOK → 730.1k NOK (-20.6% YoY). Calculated