ADEK AS: årsregnskap 2017 vs 2016
Shrank 5% on revenue
approved 2018-08-24; registry 2018-08-27; journal 2018 919307
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADEK AS. Revenue 2.88m NOK → 2.73m NOK (-5.1%).
On the constructive side: operating result improved; cash rose; payroll decreased. Pressures included: revenue fell; current ratio dropped below 1×; cogs moved.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADEK AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +88 NOK → +914.1k NOK (op. margin 0.0% → 33.5%). Calculated
-
↑
Cash rose
Bank deposits 170.2k NOK → 289.2k NOK (+69.9% YoY). Calculated
-
↑
Payroll decreased
Salary cost 1.27m NOK → 2 NOK (44% → 0% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.88m NOK to 2.73m NOK (-5.1% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.13× → 0.25× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
COGS moved
COGS / varekostnad 800.5k NOK → 870.3k NOK (+8.7% YoY). Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 127.5k NOK → 127 NOK. Reported fact