Org.nr 983 847 412 2016 → 2017 Year-over-year analysis

ADCARE AS: årsregnskap 2017 vs 2016

Grew 11% on revenue

approved 2018-06-29; registry 2018-07-07; journal 2018 635121

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ADCARE AS. Revenue 27.70m NOK → 30.62m NOK (+10.6%). Equity 3.21m NOK → 2.83m NOK.

On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADCARE AS.

At a glance

Revenue

27.70m NOK 30.62m NOK

+10.6%

Equity

3.21m NOK 2.83m NOK

-11.9%

Cash

572.9k NOK 539.6k NOK

-5.8%

Total assets

11.61m NOK 11.75m NOK

+1.2%

↑
Revenue rose

Operating income / revenue moved from 27.70m NOK to 30.62m NOK (+10.6% YoY). Calculated

↓
Equity eroded

Book equity 3.21m NOK → 2.83m NOK (equity ratio 27.7% → 24.1%). Calculated
↓
Cash fell

Bank deposits 572.9k NOK → 539.6k NOK (-5.8% YoY). Calculated

·
Payroll increased

Salary cost 5.34m NOK → 7.44m NOK (19% → 24% of revenue). Calculated
·
COGS moved

COGS / varekostnad 14.42m NOK → 15.60m NOK (+8.2% YoY). Calculated