ADIGO MEKATRONIKK AS: årsregnskap 2017 vs 2016
Weaker earnings, cash halved-plus
approved 2018-06-30; registry 2018-07-12; journal 2018 682128
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADIGO MEKATRONIKK AS. Revenue 18.42m NOK → 17.81m NOK (-3.3%). Net result +580.1k NOK → +322.9k NOK. Equity 6.61m NOK → 6.93m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADIGO MEKATRONIKK AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 6.61m NOK → 6.93m NOK (equity ratio 49.7% → 40.3%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 18.42m NOK to 17.81m NOK (-3.3% YoY). Calculated
-
↓
Operating result weakened
Operating result +551.3k NOK → +419.8k NOK (op. margin 3.0% → 2.4%). Calculated
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↓
Net result weakened
Net result +580.1k NOK → +322.9k NOK (net margin 3.1% → 1.8%). Calculated
-
↓
Cash fell
Bank deposits 276.2k NOK → 11.6k NOK (-95.8% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.66× → 0.78× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 8.03m NOK → 7.42m NOK (-7.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 890.9k NOK → 884.4k NOK. Reported fact