ADMINS AS: årsregnskap 2017 vs 2016
Shrank 88% on revenue, weaker earnings
approved 2018-01-19; registry 2018-02-07; journal 2018 205777
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADMINS AS. Revenue 4.00m NOK → 491.8k NOK (-87.7%). Net result +346.0k NOK → +146.0k NOK. Equity 165.5k NOK → 311.4k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADMINS AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 165.5k NOK → 311.4k NOK (equity ratio 17.9% → 84.1%). Calculated
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↑
Payroll decreased
Salary cost 2.28m NOK → 46.8k NOK (57% → 10% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.00m NOK to 491.8k NOK (-87.7% YoY). Calculated
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↓
Operating result weakened
Operating result +451.4k NOK → +185.8k NOK (op. margin 11.3% → 37.8%). Calculated
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↓
Net result weakened
Net result +346.0k NOK → +146.0k NOK (net margin 8.6% → 29.7%). Calculated
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↓
Cash fell
Bank deposits 704.2k NOK → 353.3k NOK (-49.8% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.07m NOK → 196.3k NOK (-81.7% YoY). Calculated