ADIANTE AS: årsregnskap 2017 vs 2016
Stronger earnings, cash halved-plus
approved 2018-06-30; registry 2018-07-12; journal 2018 689532
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADIANTE AS. Revenue 21.6k NOK → 21.6k NOK (0.0%). Net result -632.7k NOK → -101.7k NOK. Equity 5.56m NOK → 5.46m NOK.
On the constructive side: net result improved. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADIANTE AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -632.7k NOK → -101.7k NOK (net margin -2929.0% → -470.7%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -530.0k NOK → -704.6k NOK (op. margin -2453.9% → -3261.9%). Calculated
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↓
Equity eroded
Book equity 5.56m NOK → 5.46m NOK (equity ratio 81.5% → 79.4%). Calculated
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↓
Cash fell
Bank deposits 427.0k NOK → 98.3k NOK (-77.0% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 296.5k NOK → 568.6k NOK (1373% → 2633% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 32.1k NOK → 6 570 NOK (-79.5% YoY). Calculated