Org.nr 996 658 821 2015 → 2016 Year-over-year analysis

ADEPT CONCEPT AS: årsregnskap 2016 vs 2015

Grew 20% on revenue, cash halved-plus

approved 2017-06-09; registry 2017-07-29; journal 2017 772690

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for ADEPT CONCEPT AS. Revenue 5.61m NOK → 6.72m NOK (+19.6%). Equity -747.3k NOK → -985.6k NOK.

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

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

At a glance

Revenue

5.61m NOK 6.72m NOK

+19.6%

Operating result

n/m -236.4k NOK

—

Net result

n/m -238.2k NOK

—

Equity

-747.3k NOK -985.6k NOK

-31.9%

Cash

986.5k NOK 185.5k NOK

-81.2%

Total assets

5.88m NOK 4.72m NOK

-19.8%

↑
Revenue rose

Operating income / revenue moved from 5.61m NOK to 6.72m NOK (+19.6% YoY). Calculated

↓
Equity eroded

Book equity -747.3k NOK → -985.6k NOK (equity ratio -12.7% → -20.9%). Calculated
↓
Cash fell

Bank deposits 986.5k NOK → 185.5k NOK (-81.2% YoY). Calculated

·
Thin equity buffer

Equity ratio is -20.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation