ADMIN24 AS: årsregnskap 2016 vs 2015
Shrank 35% on revenue, slipped into loss, cash halved-plus
approved 2017-07-16; registry 2017-07-18; journal 2017 731475
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADMIN24 AS. Revenue 1.43m NOK → 929.4k NOK (-34.8%). Net result +17.6k NOK → -123.1k NOK. Equity 96.0k NOK → -27.1k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADMIN24 AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.43m NOK to 929.4k NOK (-34.8% YoY). Calculated
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Operating result weakened
Operating result +36.5k NOK → -72.7k NOK (op. margin 2.6% → -7.8%). Calculated
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Fell into a net loss
Net result flipped from 17.6k NOK profit to a loss of 123.1k NOK. Calculated
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Equity eroded
Book equity 96.0k NOK → -27.1k NOK (equity ratio 9.6% → -171.0%). Calculated
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Cash fell
Bank deposits 49.5k NOK → 7 583 NOK (-84.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -171.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation