ADITE AS: årsregnskap 2017 vs 2016
Grew 45% on revenue
approved 2018-06-30; registry 2018-09-17; journal 2018 924823
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADITE AS. Revenue 3.89m NOK → 5.62m NOK (+44.6%). Equity 560.6k NOK → 493.1k NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADITE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.89m NOK to 5.62m NOK (+44.6% YoY). Calculated
-
↑
Cash rose
Bank deposits 202.0k NOK → 2.61m NOK (+1189.9% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.45× → 3.43×. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 560.6k NOK → 493.1k NOK (equity ratio 152.9% → 14.8%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.85m NOK → 2.70m NOK (48% → 48% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 59.9k NOK → 602.7k NOK (+905.6% YoY). Calculated