Org.nr 995 205 262 2015 → 2016 Year-over-year analysis

ADIMA ENGINEERING AS: årsregnskap 2016 vs 2015

Grew 1491% on revenue

approved 2017-06-15; registry 2017-06-24; journal 2017 523297

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for ADIMA ENGINEERING AS. Revenue 1.61m NOK → 25.63m NOK (+1491.1%). Equity 947.2k NOK → 687.8k NOK.

On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded.

Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADIMA ENGINEERING AS.

At a glance

Revenue

1.61m NOK 25.63m NOK

+1491.1%

Operating result

+62.9k NOK +1.51m NOK

+2296.9%

Net result

+57.6k NOK n/m

—

Equity

947.2k NOK 687.8k NOK

-27.4%

Cash

1.23m NOK 2.97m NOK

+141.4%

Total assets

1.35m NOK 8.59m NOK

+537.0%

↑
Revenue rose

Operating income / revenue moved from 1.61m NOK to 25.63m NOK (+1491.1% YoY). Calculated
↑
Operating result improved

Operating result +62.9k NOK → +1.51m NOK (op. margin 3.9% → 5.9%). Calculated
↑
Cash rose

Bank deposits 1.23m NOK → 2.97m NOK (+141.4% YoY). Calculated

↓
Equity eroded

Book equity 947.2k NOK → 687.8k NOK (equity ratio 70.3% → 8.0%). Calculated

·
Thin equity buffer

Equity ratio is 8.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Payroll increased

Salary cost 1.38m NOK → 20.39m NOK (86% → 80% of revenue). Calculated