ADD ON FITNESS INTERNATIONAL AS: årsregnskap 2017 vs 2016
Shrank 12% on revenue, returned to profit
approved 2018-06-25; registry 2018-06-30; journal 2018 585582
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADD ON FITNESS INTERNATIONAL AS. Revenue 1.15m NOK → 1.02m NOK (-11.7%). Net result -359.0k NOK → +88.1k NOK. Equity 6.75m NOK → 842.3k NOK.
On the constructive side: turned profitable; cash rose; payroll decreased. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
-
↑
Turned profitable
Net result flipped from a loss of 359.0k NOK to a profit of 88.1k NOK. Calculated
-
↑
Cash rose
Bank deposits 119.9k NOK → 137.8k NOK (+15.0% YoY). Calculated
-
↑
Payroll decreased
Salary cost 809.1k NOK → 768.5k NOK (70% → 75% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.15m NOK to 1.02m NOK (-11.7% YoY). Calculated
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↓
Equity eroded
Book equity 6.75m NOK → 842.3k NOK (equity ratio 446.2% → 46.2%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.33× → 0.15× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated