FirmaIQ
Org.nr 999 530 311 2016 → 2017 Year-over-year analysis

ADEO ENTERTAINMENT AS: årsregnskap 2017 vs 2016

Grew 144% on revenue, stronger earnings

approved 2018-05-31; registry 2018-06-30; journal 2018 604590

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ADEO ENTERTAINMENT AS. Revenue 190.4k NOK → 463.8k NOK (+143.6%). Net result -55.3k NOK → -37.5k NOK. Equity 30.0k NOK → 30.0k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADEO ENTERTAINMENT AS.

At a glance

Scorecard

Revenue
190.4k NOK 463.8k NOK
+143.6%
Operating result
-54.8k NOK -36.7k NOK
+33.0%
Net result
-55.3k NOK -37.5k NOK
+32.3%
Equity
30.0k NOK 30.0k NOK
0.0%
Cash
14.8k NOK 45.4k NOK
+205.7%
Total assets
68.3k NOK 144.7k NOK
+111.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 190.4k NOK to 463.8k NOK (+143.6% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -54.8k NOK → -36.7k NOK (op. margin -28.8% → -7.9%). Calculated

  • ↑

    Net result improved

    Net result -55.3k NOK → -37.5k NOK (net margin -29.1% → -8.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 14.8k NOK → 45.4k NOK (+205.7% YoY). Calculated

What deteriorated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.78× → 0.40× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 205.4k NOK → 350.3k NOK (108% → 76% of revenue). Calculated