Org.nr 913 912 330 2016 → 2017 Year-over-year analysis

ADELFIA AS: årsregnskap 2017 vs 2016

Shrank 12% on revenue

approved 2018-06-30; registry 2018-07-05; journal 2018 638815

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ADELFIA AS. Revenue 981.0k NOK → 860.0k NOK (-12.3%). Equity 5 438 NOK → -13.7k NOK.

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

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADELFIA AS.

At a glance

Revenue

981.0k NOK 860.0k NOK

-12.3%

Operating result

n/m -19.2k NOK

—

Net result

n/m -19.1k NOK

—

Equity

5 438 NOK -13.7k NOK

-351.4%

Cash

52.5k NOK 49.0k NOK

-6.6%

Total assets

1.41m NOK 1.41m NOK

-0.0%

↑
Payroll decreased

Salary cost 4.97m NOK → 858.5k NOK (506% → 100% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 981.0k NOK to 860.0k NOK (-12.3% YoY). Calculated
↓
Equity eroded

Book equity 5 438 NOK → -13.7k NOK (equity ratio 0.4% → -1.0%). Calculated
↓
Cash fell

Bank deposits 52.5k NOK → 49.0k NOK (-6.6% YoY). Calculated

·
Thin equity buffer

Equity ratio is -1.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation