ADAPTI AS: årsregnskap 2016 vs 2015
Shrank 24% on revenue, slipped into loss
approved 2017-06-19; registry 2017-06-22; journal 2017 509506
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADAPTI AS. Revenue 9.48m NOK → 7.23m NOK (-23.8%). Net result +267.5k NOK → -498.6k NOK. Equity 757.3k NOK → 258.8k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADAPTI AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 1.83m NOK → 1.75m NOK (19% → 24% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 9.48m NOK to 7.23m NOK (-23.8% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 267.5k NOK profit to a loss of 498.6k NOK. Calculated
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↓
Equity eroded
Book equity 757.3k NOK → 258.8k NOK (equity ratio 28.4% → 7.2%). Calculated
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↓
Cash fell
Bank deposits 699.8k NOK → 364.4k NOK (-47.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 6.37m NOK → 5.32m NOK (-16.6% YoY). Calculated