FirmaIQ
Org.nr 987 794 666 2015 → 2016 Year-over-year analysis

ADECCO GROUP NORWAY AS: årsregnskap 2016 vs 2015

Shrank 10% on revenue

approved 2017-06-16; registry 2017-06-24; journal 2017 516242

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for ADECCO GROUP NORWAY AS. Revenue 364.07m NOK → 327.19m NOK (-10.1%). Net result +10.52m NOK → +9.38m NOK. Equity 43.97m NOK → 43.38m NOK.

On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADECCO GROUP NORWAY AS.

At a glance

Scorecard

Revenue
364.07m NOK 327.19m NOK
-10.1%
Net result
+10.52m NOK +9.38m NOK
-10.8%
Equity
43.97m NOK 43.38m NOK
-1.3%
Cash
3.66m NOK 102.99m NOK
+2712.3%
Total assets
110.66m NOK 145.3k NOK
-99.9%

What improved

  • ↑

    Cash rose

    Bank deposits 3.66m NOK → 102.99m NOK (+2712.3% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 311.82m NOK → 7.28m NOK (86% → 2% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 364.07m NOK to 327.19m NOK (-10.1% YoY). Calculated

  • ↓

    Net result weakened

    Net result +10.52m NOK → +9.38m NOK (net margin 2.9% → 2.9%). Calculated

  • ↓

    Equity eroded

    Book equity 43.97m NOK → 43.38m NOK (equity ratio 39.7% → 29855.5%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.62× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 1.22m NOK → 245.0k NOK. Reported fact