ADDEND AS: årsregnskap 2016 vs 2015
Grew 31% on revenue, stronger earnings, cash halved-plus
approved 2017-09-26; registry 2017-09-28; journal 2017 889638
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADDEND AS. Revenue 343.3k NOK → 449.4k NOK (+30.9%). Net result +2 596 NOK → +548.6k NOK. Equity 2.42m NOK → 2.57m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADDEND AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 343.3k NOK to 449.4k NOK (+30.9% YoY). Calculated
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↑
Net result improved
Net result +2 596 NOK → +548.6k NOK (net margin 0.8% → 122.1%). Calculated
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↑
Equity strengthened
Book equity 2.42m NOK → 2.57m NOK (equity ratio 75.3% → 76.7%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.48× → 1.10×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +33.8k NOK → +17.4k NOK (op. margin 9.9% → 3.9%). Calculated
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↓
Cash fell
Bank deposits 38.5k NOK → 13.3k NOK (-65.4% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 2.40m NOK → 2.20m NOK. Reported fact