ADER SPORTS AS: årsregnskap 2016 vs 2015
Cash halved-plus
approved 2017-07-15; registry 2017-07-29; journal 2017 780644
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADER SPORTS AS. Net result -23.7k NOK → -18.6k NOK. Equity -30.5k NOK → -47.5k NOK.
On the constructive side: net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADER SPORTS AS.
At a glance
Scorecard
Revenue
n/m
9 742 NOK
—
Net result
-23.7k NOK
-18.6k NOK
+21.6%
Equity
-30.5k NOK
-47.5k NOK
-55.7%
Cash
34.9k NOK
11.7k NOK
-66.5%
Total assets
189.5k NOK
271.9k NOK
+43.5%
What improved
-
↑
Net result improved
Net result -23.7k NOK → -18.6k NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity -30.5k NOK → -47.5k NOK (equity ratio -16.1% → -17.5%). Calculated
-
↓
Cash fell
Bank deposits 34.9k NOK → 11.7k NOK (-66.5% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -17.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation