ADKEM NORDIC AS: årsregnskap 2017 vs 2016
Grew 80% on revenue, weaker earnings, fresh owner capital
approved 2018-05-18; registry 2018-07-23; journal 2018 761161
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADKEM NORDIC AS. Revenue 351.1k NOK → 632.0k NOK (+80.0%). Net result -228.3k NOK → -335.6k NOK. Equity -526.3k NOK → -602.0k NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADKEM NORDIC AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 351.1k NOK to 632.0k NOK (+80.0% YoY). Calculated
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Owners injected capital
Paid-in equity rose 682.3k NOK → 942.3k NOK (+260.0k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -161.1k NOK → -278.5k NOK (op. margin -45.9% → -44.1%). Calculated
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↓
Net result weakened
Net result -228.3k NOK → -335.6k NOK (net margin -65.0% → -53.1%). Calculated
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↓
Equity eroded
Book equity -526.3k NOK → -602.0k NOK (equity ratio -184.7% → -537.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -537.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 17.5k NOK → 26.9k NOK (5% → 4% of revenue). Calculated
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COGS moved
COGS / varekostnad 266.6k NOK → 538.1k NOK (+101.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 23.3k NOK → 9 566 NOK. Reported fact