ADDEND AS: årsregnskap 2017 vs 2016
Shrank 20% on revenue, stronger earnings
approved 2018-05-09; registry 2018-06-15; journal 2018 486046
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADDEND AS. Revenue 449.4k NOK → 359.2k NOK (-20.1%). Net result +548.6k NOK → +840.8k NOK. Equity 2.57m NOK → 3.41m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue 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
-
↑
Operating result improved
Operating result +17.4k NOK → +857.0k NOK (op. margin 3.9% → 238.6%). Calculated
-
↑
Net result improved
Net result +548.6k NOK → +840.8k NOK (net margin 122.1% → 234.1%). Calculated
-
↑
Equity strengthened
Book equity 2.57m NOK → 3.41m NOK (equity ratio 76.7% → 94.9%). Calculated
-
↑
Cash rose
Bank deposits 13.3k NOK → 714.2k NOK (+5254.7% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 449.4k NOK to 359.2k NOK (-20.1% YoY). Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 2.20m NOK → 2.40m NOK. Reported fact