FirmaIQ
Org.nr 914 272 203 2016 → 2017 Year-over-year analysis

ADMIN & IT CONSULT AS: årsregnskap 2017 vs 2016

Grew 6% on revenue, weaker earnings, cash halved-plus

approved 2018-06-30; registry 2018-07-26; journal 2018 802768

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ADMIN & IT CONSULT AS. Revenue 930 NOK → 990 NOK (+6.5%). Net result +208.3k NOK → +2 334 NOK. Equity 277.3k NOK → 32.2k NOK.

On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADMIN & IT CONSULT AS.

At a glance

Scorecard

Revenue
930 NOK 990 NOK
+6.5%
Operating result
+273.4k NOK +16.8k NOK
-93.9%
Net result
+208.3k NOK +2 334 NOK
-98.9%
Equity
277.3k NOK 32.2k NOK
-88.4%
Cash
495.6k NOK 15.8k NOK
-96.8%
Total assets
87.4k NOK 1.34m NOK
+1436.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 930 NOK to 990 NOK (+6.5% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 1.37m NOK → 625.0k NOK (147387% → 63136% of revenue). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +273.4k NOK → +16.8k NOK (op. margin 29398.0% → 1694.7%). Calculated

  • ↓

    Net result weakened

    Net result +208.3k NOK → +2 334 NOK (net margin 22402.8% → 235.8%). Calculated

  • ↓

    Equity eroded

    Book equity 277.3k NOK → 32.2k NOK (equity ratio 317.1% → 2.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 495.6k NOK → 15.8k NOK (-96.8% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 2.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation