FirmaIQ
Org.nr 992 122 110 2016 → 2017 Year-over-year analysis

ADAX NORGE AS: årsregnskap 2017 vs 2016

Shrank 14% on revenue

approved 2018-06-30; registry 2018-08-06; journal 2018 867053

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ADAX NORGE AS. Revenue 11.28m NOK → 9.68m NOK (-14.2%). Net result +304.6k NOK → +256.7k NOK. Equity 408.0k NOK → 664.7k NOK.

On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADAX NORGE AS.

At a glance

Scorecard

Revenue
11.28m NOK 9.68m NOK
-14.2%
Operating result
+378.6k NOK +331.3k NOK
-12.5%
Net result
+304.6k NOK +256.7k NOK
-15.7%
Equity
408.0k NOK 664.7k NOK
+62.9%
Cash
273.4k NOK 902.2k NOK
+230.1%
Total assets
1.60m NOK 5.18m NOK
+224.4%

What improved

  • ↑

    Equity strengthened

    Book equity 408.0k NOK → 664.7k NOK (equity ratio 25.6% → 12.8%). Calculated

  • ↑

    Cash rose

    Bank deposits 273.4k NOK → 902.2k NOK (+230.1% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 45.87m NOK → 852.3k NOK (407% → 9% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 11.28m NOK to 9.68m NOK (-14.2% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +378.6k NOK → +331.3k NOK (op. margin 3.4% → 3.4%). Calculated

  • ↓

    Net result weakened

    Net result +304.6k NOK → +256.7k NOK (net margin 2.7% → 2.7%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 8.02m NOK → 6.77m NOK (-15.5% YoY). Calculated