ADIK AS: årsregnskap 2016 vs 2015
Shrank 115% on revenue, slipped into loss
approved 2017-06-29; registry 2017-08-07; journal 2017 827152
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADIK AS. Revenue 1.62m NOK → -242.8k NOK (-115.0%). Net result +1.00m NOK → -367.4k NOK. Equity 2.08m NOK → 1.71m NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADIK AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.62m NOK to -242.8k NOK (-115.0% YoY). Calculated
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Operating result weakened
Operating result +1.44m NOK → -400.5k NOK (op. margin 88.6% → 165.0%). Calculated
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Fell into a net loss
Net result flipped from 1.00m NOK profit to a loss of 367.4k NOK. Calculated
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Equity eroded
Book equity 2.08m NOK → 1.71m NOK (equity ratio 8.7% → 7.6%). Calculated
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Cash fell
Bank deposits 144.9k NOK → 127.8k NOK (-11.8% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 7.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 1 NOK → 1.00m NOK. Reported fact