ADAPA SYSTEMS AS: årsregnskap 2017 vs 2016
Grew 165758% on revenue, weaker earnings, cash halved-plus
approved 2018-06-30; registry 2018-07-18; journal 2018 731073
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADAPA SYSTEMS AS. Revenue 150 NOK → 248.8k NOK (+165758.0%). Net result -13.8k NOK → -207.3k NOK. Equity -264.4k NOK → -471.7k NOK.
On the constructive side: revenue rose. 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 ADAPA SYSTEMS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 150 NOK to 248.8k NOK (+165758.0% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result -13.8k NOK → -207.3k NOK (net margin -9198.0% → -83.3%). Calculated
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↓
Equity eroded
Book equity -264.4k NOK → -471.7k NOK (equity ratio -57.7% → -228.9%). Calculated
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↓
Cash fell
Bank deposits 90.1k NOK → 15.9k NOK (-82.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -228.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 96 NOK → -6 354 NOK (-6718.8% YoY). Calculated