Org.nr 959 934 924 2015 → 2016 Year-over-year analysis

ADECCO SOLUTIONS AS: årsregnskap 2016 vs 2015

Shrank 11% on revenue, cash halved-plus

approved 2017-06-16; registry 2017-06-24; journal 2017 516092

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for ADECCO SOLUTIONS AS. Revenue 739.06m NOK → 655.02m NOK (-11.4%). Equity 59.82m NOK → 59.41m NOK.

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

Also worth watching: sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for ADECCO SOLUTIONS AS.

At a glance

Revenue

739.06m NOK 655.02m NOK

-11.4%

Operating result

-22.22m NOK n/m

—

Equity

59.82m NOK 59.41m NOK

-0.7%

Cash

103.89m NOK 8.59m NOK

-91.7%

Total assets

238.90m NOK 217.47m NOK

-9.0%

↑
Payroll decreased

Salary cost 7.61m NOK → 7.53m NOK (1% → 1% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 739.06m NOK to 655.02m NOK (-11.4% YoY). Calculated
↓
Equity eroded

Book equity 59.82m NOK → 59.41m NOK (equity ratio 25.0% → 27.3%). Calculated
↓
Cash fell

Bank deposits 103.89m NOK → 8.59m NOK (-91.7% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (103.89m NOK → 8.59m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
Paid-in equity reduced

Paid-in equity fell 59.82m NOK → 59.41m NOK — check capital reduction, conversion, or reclassification. Interpretation