ADAPTA AVIATION AS: årsregnskap 2016 vs 2015
Shrank 51% on revenue, cash halved-plus
approved 2017-06-29; registry 2017-07-04; journal 2017 608879
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADAPTA AVIATION AS. Revenue 422.2k NOK → 205.6k NOK (-51.3%). Net result -196.3k NOK → -176.4k NOK. Equity -805.7k NOK → -982.1k NOK.
On the constructive side: operating result improved; net result improved; current ratio back above 1×. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADAPTA AVIATION AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +2 015 NOK → +2 016 NOK (op. margin 0.5% → 1.0%). Calculated
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Net result improved
Net result -196.3k NOK → -176.4k NOK (net margin -46.5% → -85.8%). Calculated
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Current ratio back above 1×
Current ratio 0.70× → 1585.05×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 422.2k NOK to 205.6k NOK (-51.3% YoY). Calculated
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↓
Equity eroded
Book equity -805.7k NOK → -982.1k NOK (equity ratio -10.7% → -12.9%). Calculated
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↓
Cash fell
Bank deposits 13.5k NOK → 4 507 NOK (-66.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -12.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 408.8k NOK → 205.5k NOK (-49.7% YoY). Calculated