ADDOVATION AS: årsregnskap 2016 vs 2015
Grew 20% on revenue
approved 2017-06-28; registry 2017-07-08; journal 2017 633256
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADDOVATION AS. Revenue 32.57m NOK → 39.06m NOK (+19.9%). Net result +2.13m NOK → +1.73m NOK. Equity 4.36m NOK → 5.99m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADDOVATION AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 32.57m NOK to 39.06m NOK (+19.9% YoY). Calculated
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↑
Equity strengthened
Book equity 4.36m NOK → 5.99m NOK (equity ratio 37.9% → 33.4%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +2.88m NOK → +449.9k NOK (op. margin 8.8% → 1.2%). Calculated
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↓
Net result weakened
Net result +2.13m NOK → +1.73m NOK (net margin 6.5% → 4.4%). Calculated
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↓
Cash fell
Bank deposits 4.30m NOK → 3.29m NOK (-23.5% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 364.2k NOK → 376 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 12.97m NOK → 15.95m NOK (40% → 41% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 9.44m NOK → 17.09m NOK (+81.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 8 100 NOK → 100.0k NOK. Reported fact