ADJUVANTE AS: årsregnskap 2017 vs 2016
Shrank 27% on revenue, returned to profit
approved 2018-05-16; registry 2018-07-24; journal 2018 774192
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADJUVANTE AS. Revenue 810.0k NOK → 593.9k NOK (-26.7%). Net result -548 NOK → +49.1k NOK. Equity 87.6k NOK → 38.5k NOK.
On the constructive side: turned profitable; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADJUVANTE AS.
At a glance
Scorecard
What improved
-
↑
Turned profitable
Net result flipped from a loss of 548 NOK to a profit of 49.1k NOK. Calculated
-
↑
Cash rose
Bank deposits 76.7k NOK → 118.3k NOK (+54.2% YoY). Calculated
-
↑
Payroll decreased
Salary cost 289.0k NOK → 105.7k NOK (36% → 18% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 810.0k NOK to 593.9k NOK (-26.7% YoY). Calculated
-
↓
Operating result weakened
Operating result +1 682 NOK → -59.4k NOK (op. margin 0.2% → -10.0%). Calculated
-
↓
Equity eroded
Book equity 87.6k NOK → 38.5k NOK (equity ratio 54.8% → 11.1%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.11× → 0.57× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 174.0k NOK → 113.2k NOK (-35.0% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 15.0k NOK → 96.0k NOK. Reported fact