Org.nr 995 205 262 2016 → 2017 Year-over-year analysis

ADIMA ENGINEERING AS: årsregnskap 2017 vs 2016

Shrank 62% on revenue

approved 2018-06-28; registry 2018-07-18; journal 2018 710198

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ADIMA ENGINEERING AS. Revenue 25.63m NOK → 9.71m NOK (-62.1%). Equity 687.8k NOK → 1.92m NOK.

On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; cash fell.

Mixed year — gains and pressures both show up.

At a glance

Revenue

25.63m NOK 9.71m NOK

-62.1%

Operating result

+1.51m NOK +425.7k NOK

-71.8%

Net result

n/m +334.1k NOK

—

Equity

687.8k NOK 1.92m NOK

+179.5%

Cash

2.97m NOK 2.14m NOK

-28.0%

Total assets

8.59m NOK 5.03m NOK

-41.4%

↑
Equity strengthened

Book equity 687.8k NOK → 1.92m NOK (equity ratio 8.0% → 38.2%). Calculated
↑
Payroll decreased

Salary cost 20.39m NOK → 7.88m NOK (80% → 81% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 25.63m NOK to 9.71m NOK (-62.1% YoY). Calculated
↓
Operating result weakened

Operating result +1.51m NOK → +425.7k NOK (op. margin 5.9% → 4.4%). Calculated
↓
Cash fell

Bank deposits 2.97m NOK → 2.14m NOK (-28.0% YoY). Calculated