Org.nr 930 481 599 2015 → 2016 Year-over-year analysis

ADDBRAND NORWAY AS: årsregnskap 2016 vs 2015

Slipped into loss, cash halved-plus

approved 2017-03-02; registry 2017-06-12; journal 2017 422061

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for ADDBRAND NORWAY AS. Net result +1.68m NOK → -1.52m NOK. Equity 8.51m NOK → 6.99m NOK.

Pressures included: fell into a net loss; equity eroded; cash fell.

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ADDBRAND NORWAY AS.

At a glance

Revenue

41.51m NOK n/m

—

Operating result

-640.2k NOK n/m

—

Net result

+1.68m NOK -1.52m NOK

-190.3%

Equity

8.51m NOK 6.99m NOK

-17.9%

Cash

3.59m NOK 749.3k NOK

-79.1%

Total assets

16.94m NOK 17.32m NOK

+2.2%

↓
Fell into a net loss

Net result flipped from 1.68m NOK profit to a loss of 1.52m NOK. Calculated
↓
Equity eroded

Book equity 8.51m NOK → 6.99m NOK (equity ratio 50.3% → 40.4%). Calculated
↓
Cash fell

Bank deposits 3.59m NOK → 749.3k NOK (-79.1% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (3.59m NOK → 749.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
Book investments changed

Investment / intangible book value 56.8k NOK → 52.0k NOK. Reported fact