ADEPT CONCEPT AS: årsregnskap 2017 vs 2016
Shrank 12% on revenue, weaker earnings
approved 2018-06-21; registry 2018-07-12; journal 2018 679411
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADEPT CONCEPT AS. Revenue 6.72m NOK → 5.93m NOK (-11.7%). Net result -238.2k NOK → -469.8k NOK. Equity -985.6k NOK → -1.46m NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADEPT CONCEPT AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 6.72m NOK to 5.93m NOK (-11.7% YoY). Calculated
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Operating result weakened
Operating result -236.4k NOK → -537.6k NOK (op. margin -3.5% → -9.1%). Calculated
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Net result weakened
Net result -238.2k NOK → -469.8k NOK (net margin -3.5% → -7.9%). Calculated
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Equity eroded
Book equity -985.6k NOK → -1.46m NOK (equity ratio -20.9% → -45.1%). Calculated
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Cash fell
Bank deposits 185.5k NOK → 147.6k NOK (-20.5% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -45.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation