ADB TJENESTER AS: årsregnskap 2017 vs 2016
Shrank 86% on revenue, cash halved-plus
approved 2018-06-22; registry 2018-07-03; journal 2018 608094
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADB TJENESTER AS. Revenue 224.5k NOK → 32.0k NOK (-85.8%). Equity 25.6k NOK → -53.5k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADB TJENESTER AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 37.4k NOK → -5 705 NOK (17% → -18% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 224.5k NOK to 32.0k NOK (-85.8% YoY). Calculated
-
↓
Equity eroded
Book equity 25.6k NOK → -53.5k NOK (equity ratio 20.6% → -183.8%). Calculated
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↓
Cash fell
Bank deposits 50.0k NOK → 4 233 NOK (-91.5% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.26× → 0.35× — 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 -183.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation