ADDSECURE AS: årsregnskap 2016 vs 2015
Shrank 100% on revenue
approved 2017-04-05; registry 2017-08-15; journal 2017 860476
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADDSECURE AS. Revenue 111.12m NOK → 125.4k NOK (-99.9%). Equity 100.18m NOK → 109.8k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADDSECURE AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 84.95m NOK → 95.49m NOK (+12.4% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 111.12m NOK to 125.4k NOK (-99.9% YoY). Calculated
-
↓
Equity eroded
Book equity 100.18m NOK → 109.8k NOK (equity ratio 49486.2% → 48.4%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.08× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
Payroll up without matching revenue
Salary cost 32.53m NOK → 32.82m NOK (29% → 26174% of revenue). Calculated
-
↓
COGS moved
COGS / varekostnad 32.95m NOK → 36.64m NOK (+11.2% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 44.47m NOK → 44.83m NOK. Reported fact