ADMINISTRATOR AS: årsregnskap 2017 vs 2016
Returned to profit, cash halved-plus
approved 2018-04-13; registry 2018-06-05; journal 2018 407471
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADMINISTRATOR AS. Net result -634.2k NOK → +22.99m NOK. Equity 3.31m NOK → 3.60m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ADMINISTRATOR AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -144.7k NOK → -61.8k NOK. Calculated
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↑
Turned profitable
Net result flipped from a loss of 634.2k NOK to a profit of 22.99m NOK. Calculated
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↑
Equity strengthened
Book equity 3.31m NOK → 3.60m NOK (equity ratio 100.0% → 99.6%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 43.8k NOK → 5 945 NOK (-86.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 30.33× → 0.44× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 2.06m NOK → 751.2k NOK — check capital reduction, conversion, or reclassification. Interpretation