ADCO AS: årsregnskap 2017 vs 2016
Returned to profit
approved 2018-06-11; registry 2018-07-23; journal 2018 757530
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADCO AS. Net result -53.2k NOK → +266.6k NOK. Equity 828.3k NOK → 94.9k NOK.
On the constructive side: operating result improved; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADCO AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -39.1k NOK → +38.3k NOK. Calculated
-
↑
Turned profitable
Net result flipped from a loss of 53.2k NOK to a profit of 266.6k NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 828.3k NOK → 94.9k NOK (equity ratio 63.1% → 6.1%). Calculated
-
↓
Cash fell
Bank deposits 332.3k NOK → 228.7k NOK (-31.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 973.7k NOK → 1.02m NOK. Reported fact