ADELFIA AS: årsregnskap 2016 vs 2015
Grew 499% on revenue
approved 2017-06-30; registry 2017-07-04; journal 2017 608897
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADELFIA AS. Revenue 163.7k NOK → 981.0k NOK (+499.4%). Equity 36.9k NOK → 5 438 NOK.
On the constructive side: revenue rose; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; book investments changed. All figures are taken from the published annual accounts for ADELFIA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 163.7k NOK to 981.0k NOK (+499.4% YoY). Calculated
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↑
Cash rose
Bank deposits 30.5k NOK → 52.5k NOK (+72.3% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 36.9k NOK → 5 438 NOK (equity ratio 3124.2% → 0.4%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.38× → 0.26× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.10m NOK → 4.97m NOK (674% → 506% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 793.0k NOK → 993.0k NOK. Reported fact