ADAPTIVE FROG AS: årsregnskap 2017 vs 2016
Shrank 72% on revenue, weaker earnings
approved 2018-05-29; registry 2018-08-02; journal 2018 851848
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADAPTIVE FROG AS. Revenue 1.42m NOK → 398.0k NOK (-71.9%). Net result +237.8k NOK → +60.5k NOK. Equity 303.2k NOK → 63.6k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 3.97m NOK → 230.2k NOK (280% → 58% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.42m NOK to 398.0k NOK (-71.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +408.5k NOK → +115.6k NOK (op. margin 28.8% → 29.0%). Calculated
-
↓
Net result weakened
Net result +237.8k NOK → +60.5k NOK (net margin 16.8% → 15.2%). Calculated
-
↓
Equity eroded
Book equity 303.2k NOK → 63.6k NOK (equity ratio 43.7% → 30.7%). Calculated
-
↓
Cash fell
Bank deposits 366.1k NOK → 207.0k NOK (-43.5% YoY). Calculated