ADMINCONS AS: årsregnskap 2017 vs 2016
Grew 10% on revenue, slipped into loss, cash halved-plus
approved 2019-02-08; registry 2019-02-16; journal 2019 209285
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADMINCONS AS. Revenue 5.03m NOK → 5.51m NOK (+9.5%). Net result +25.1k NOK → -230.8k NOK. Equity 10.69m NOK → 10.46m NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ADMINCONS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.03m NOK to 5.51m NOK (+9.5% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.52× → 1.12×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +14.6k NOK → -219.5k NOK (op. margin 0.3% → -4.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 25.1k NOK profit to a loss of 230.8k NOK. Calculated
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↓
Equity eroded
Book equity 10.69m NOK → 10.46m NOK (equity ratio 2076.0% → 3773.2%). Calculated
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↓
Cash fell
Bank deposits 764.9k NOK → 127.7k NOK (-83.3% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2 NOK → 2.22m NOK (0% → 40% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.07m NOK → 2.04m NOK (+90.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value -1 481 NOK → 356.4k NOK. Reported fact