ADAPTIC AS: årsregnskap 2017 vs 2016
Shrank 40% on revenue
approved 2018-06-06; registry 2018-06-13; journal 2018 466980
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADAPTIC AS. Revenue 16.83m NOK → 10.16m NOK (-39.7%). Equity 18.26m NOK → 9.02m NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADAPTIC AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.94× → 1.16×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 16.83m NOK to 10.16m NOK (-39.7% YoY). Calculated
-
↓
Operating result weakened
Operating result -1.42m NOK → -4.53m NOK (op. margin -8.5% → -44.6%). Calculated
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↓
Equity eroded
Book equity 18.26m NOK → 9.02m NOK (equity ratio 27.5% → 63.6%). Calculated
-
↓
Cash fell
Bank deposits 318.8k NOK → 307.3k NOK (-3.6% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 19.09m NOK → 9.02m NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
COGS fell
COGS / varekostnad 6.30m NOK → 3.88m NOK (-38.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 19.57m NOK → 19.6k NOK. Reported fact