ADDCON NORDIC AS: årsregnskap 2017 vs 2016
Grew 112017% on revenue, weaker earnings
approved 2018-05-03; registry 2018-06-19; journal 2018 508239
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADDCON NORDIC AS. Revenue 322.0k NOK → 360.97m NOK (+112017.0%). Net result +30.53m NOK → +13.82m NOK. Equity 69.71m NOK → 73.76m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: net result weakened.
Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADDCON NORDIC AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 322.0k NOK to 360.97m NOK (+112017.0% YoY). Calculated
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↑
Equity strengthened
Book equity 69.71m NOK → 73.76m NOK (equity ratio 30001.7% → 30.5%). Calculated
What deteriorated
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↓
Net result weakened
Net result +30.53m NOK → +13.82m NOK (net margin 9481.3% → 3.8%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 69.71m NOK → 6.25m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 37.19m NOK → 39.83m NOK (11552% → 11% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 15.21m NOK → 268.58m NOK (+1666.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 29.31m NOK → 26.69m NOK. Reported fact