ADIK AS: årsregnskap 2017 vs 2016
Grew 94% on revenue, returned to profit
approved 2018-06-30; registry 2018-08-08; journal 2018 891506
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADIK AS. Revenue -242.8k NOK → -15.5k NOK (+93.6%). Net result -367.4k NOK → +3.25m NOK. Equity 1.71m NOK → -1.54m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.
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 improved
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↑
Revenue rose
Operating income / revenue moved from -242.8k NOK to -15.5k NOK (+93.6% YoY). Calculated
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↑
Operating result improved
Operating result -400.5k NOK → -58.9k NOK (op. margin 165.0% → 379.0%). Calculated
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Turned profitable
Net result flipped from a loss of 367.4k NOK to a profit of 3.25m NOK. Calculated
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↑
Cash rose
Bank deposits 127.8k NOK → 128.9k NOK (+0.8% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 1.71m NOK → -1.54m NOK (equity ratio 7.6% → -40.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -40.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 1.00m NOK → 2 579 NOK. Reported fact