ADMINCONTROL AS: årsregnskap 2017 vs 2016
Grew 30% on revenue, weaker earnings
approved 2018-04-19; registry 2018-05-22; journal 2018 329956
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADMINCONTROL AS. Revenue 85.62m NOK → 110.93m NOK (+29.6%). Net result +15.75m NOK → 0 NOK. Equity 15.96m NOK → 2.87m NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for ADMINCONTROL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 85.62m NOK to 110.93m NOK (+29.6% YoY). Calculated
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Operating result improved
Operating result +5 NOK → +11 NOK (op. margin 0.0% → 0.0%). Calculated
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↑
Cash rose
Bank deposits 14.48m NOK → 35.02m NOK (+141.8% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +15.75m NOK → 0 NOK (net margin 18.4% → 0.0%). Calculated
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↓
Equity eroded
Book equity 15.96m NOK → 2.87m NOK (equity ratio 17.5% → 2.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 15.96m NOK → 1.89m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 33.58m NOK → 45.46m NOK (39% → 41% of revenue). Calculated
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Book investments changed
Investment / intangible book value 38.53m NOK → 1.68m NOK. Reported fact