FirmaIQ
Org.nr 981 118 081 2015 → 2016 Year-over-year analysis

ADMINOR AS: årsregnskap 2016 vs 2015

Shrank 16% on revenue, weaker earnings

approved 2017-02-21; registry 2017-02-23; journal 2017 211752

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for ADMINOR AS. Revenue 5.09m NOK → 4.26m NOK (-16.4%). Net result +988.3k NOK → +342.9k NOK. Equity 688.3k NOK → 31.2k NOK.

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

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADMINOR AS.

At a glance

Scorecard

Revenue
5.09m NOK 4.26m NOK
-16.4%
Net result
+988.3k NOK +342.9k NOK
-65.3%
Equity
688.3k NOK 31.2k NOK
-95.5%
Cash
1.30m NOK 1.16m NOK
-11.4%
Total assets
1.88m NOK 1.60m NOK
-15.0%

What improved

  • ↑

    Payroll decreased

    Salary cost 3.13m NOK → 3.07m NOK (62% → 72% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 5.09m NOK to 4.26m NOK (-16.4% YoY). Calculated

  • ↓

    Net result weakened

    Net result +988.3k NOK → +342.9k NOK (net margin 19.4% → 8.1%). Calculated

  • ↓

    Equity eroded

    Book equity 688.3k NOK → 31.2k NOK (equity ratio 36.6% → 2.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.30m NOK → 1.16m NOK (-11.4% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 2.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation