ADL PRODUKTER AS: årsregnskap 2017 vs 2016
Shrank 26% on revenue, stronger earnings, cash halved-plus
approved 2018-06-30; registry 2018-08-06; journal 2018 883300
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADL PRODUKTER AS. Revenue 1.64m NOK → 1.22m NOK (-25.7%). Net result +4 109 NOK → +127.0k NOK. Equity 19.7k NOK → -107.3k NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADL PRODUKTER AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +4 109 NOK → +127.0k NOK (net margin 0.3% → 10.4%). Calculated
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Payroll decreased
Salary cost 500.1k NOK → 202.0k NOK (30% → 17% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.64m NOK to 1.22m NOK (-25.7% YoY). Calculated
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↓
Equity eroded
Book equity 19.7k NOK → -107.3k NOK (equity ratio 3.1% → -24.3%). Calculated
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Cash fell
Bank deposits 192.1k NOK → 75.0k NOK (-61.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -24.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 1.03m NOK → 729.3k NOK (-29.2% YoY). Calculated