ADDCON NORDIC AS: årsregnskap 2016 vs 2015
Shrank 100% on revenue, stronger earnings, cash halved-plus
approved 2017-06-21; registry 2017-07-31; journal 2017 779040
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADDCON NORDIC AS. Revenue 320.16m NOK → 322.0k NOK (-99.9%). Net result +801 NOK → +30.53m NOK. Equity 43.77m NOK → 69.71m NOK.
On the constructive side: net result improved; equity strengthened; current ratio back above 1×. Pressures included: revenue fell; cash fell.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADDCON NORDIC AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +801 NOK → +30.53m NOK (net margin 0.0% → 9481.3%). Calculated
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Equity strengthened
Book equity 43.77m NOK → 69.71m NOK (equity ratio 19.8% → 30001.7%). Calculated
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Current ratio back above 1×
Current ratio 0.93× → 1.08×. Calculated
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Owners injected capital
Paid-in equity rose 43.77m NOK → 69.71m NOK (+25.94m NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 320.16m NOK to 322.0k NOK (-99.9% YoY). Calculated
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Cash fell
Bank deposits 13.11m NOK → 4.73m NOK (-63.9% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (13.11m NOK → 4.73m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 15.24m NOK → 15.21m NOK (-0.2% YoY). Calculated
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Book investments changed
Investment / intangible book value 31.03m NOK → 29.31m NOK. Reported fact