ADAPTIVE MEDIA AS: årsregnskap 2016 vs 2015
Shrank 15% on revenue, cash halved-plus
approved 2017-05-23; registry 2017-07-15; journal 2017 706668
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADAPTIVE MEDIA AS. Revenue 2.26m NOK → 1.93m NOK (-14.5%). Equity -79.2k NOK → -212.1k NOK.
On the constructive side: payroll decreased. 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 ADAPTIVE MEDIA AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 73.3k NOK → 1 NOK (3% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.26m NOK to 1.93m NOK (-14.5% YoY). Calculated
-
↓
Equity eroded
Book equity -79.2k NOK → -212.1k NOK (equity ratio -34.6% → -418.4%). Calculated
-
↓
Cash fell
Bank deposits 19.5k NOK → 764 NOK (-96.1% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 755.59× → 0.04× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -418.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 453.8k NOK → 404.9k NOK (-10.8% YoY). Calculated