ADER SPORTS AS: årsregnskap 2017 vs 2016
Shrank 56% on revenue, weaker earnings
approved 2018-06-30; registry 2018-07-26; journal 2018 794803
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADER SPORTS AS. Revenue 9 742 NOK → 4 314 NOK (-55.7%). Net result -18.6k NOK → -30.0k NOK. Equity -47.5k NOK → -77.5k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADER SPORTS AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 11.7k NOK → 52.5k NOK (+348.8% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 9 742 NOK to 4 314 NOK (-55.7% YoY). Calculated
-
↓
Net result weakened
Net result -18.6k NOK → -30.0k NOK (net margin -190.6% → -696.3%). Calculated
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↓
Equity eroded
Book equity -47.5k NOK → -77.5k NOK (equity ratio -17.5% → -28.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -28.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation