ADESTE AS: årsregnskap 2016 vs 2015
Cash halved-plus
approved 2017-05-19; registry 2017-07-10; journal 2017 641260
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADESTE AS. Equity 48.17m NOK → 31.11m NOK.
Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ADESTE AS.
At a glance
Scorecard
Equity
48.17m NOK
31.11m NOK
-35.4%
Cash
13.43m NOK
2.60m NOK
-80.6%
Total assets
54.86m NOK
38.11m NOK
-30.5%
What deteriorated
-
↓
Equity eroded
Book equity 48.17m NOK → 31.11m NOK (equity ratio 87.8% → 81.6%). Calculated
-
↓
Cash fell
Bank deposits 13.43m NOK → 2.60m NOK (-80.6% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (13.43m NOK → 2.60m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Book investments changed
Investment / intangible book value 203.6k NOK → 2 185 NOK. Reported fact