ADD ENERGY GROUP AS: årsregnskap 2016 vs 2015
Shrank 11% on revenue, weaker earnings
approved 2017-06-28; registry 2017-07-05; journal 2017 599515
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADD ENERGY GROUP AS. Revenue 7.86m NOK → 7.00m NOK (-10.9%). Net result -25.37m NOK → -114.21m NOK. Equity 188.59m NOK → 151.92m NOK.
Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADD ENERGY GROUP AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.86m NOK to 7.00m NOK (-10.9% YoY). Calculated
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↓
Net result weakened
Net result -25.37m NOK → -114.21m NOK (net margin -322.9% → -1631.8%). Calculated
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↓
Equity eroded
Book equity 188.59m NOK → 151.92m NOK (equity ratio 54.0% → 49.3%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 33.81× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 15 NOK → 14.13m NOK (0% → 202% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 2.39m NOK → 1.61m NOK (-32.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 335.41m NOK → 300.63m NOK. Reported fact