ADLOCK NORGE AS: årsregnskap 2016 vs 2015
Shrank 75% on revenue, cash halved-plus
approved 2017-06-29; registry 2017-07-17; journal 2017 723130
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADLOCK NORGE AS. Revenue 1.90m NOK → 470.9k NOK (-75.2%). Equity 292.1k NOK → -55.2k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ADLOCK NORGE AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 430.5k NOK → 94.8k NOK (23% → 20% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.90m NOK to 470.9k NOK (-75.2% YoY). Calculated
-
↓
Equity eroded
Book equity 292.1k NOK → -55.2k NOK (equity ratio 41.7% → -15.1%). Calculated
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↓
Cash fell
Bank deposits 102.0k NOK → 49.6k NOK (-51.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.23× → 0.98× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -15.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 292.1k NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 975.2k NOK → 227.8k NOK (-76.6% YoY). Calculated