ADMIRAL ENERGY AS: årsregnskap 2017 vs 2016
Cash halved-plus
approved 2018-07-09; registry 2018-07-30; journal 2018 833585
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADMIRAL ENERGY AS. Revenue 0 NOK → 16.7k NOK. Net result -289.1k NOK → -338.3k NOK. Equity -39.1k NOK → -377.4k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADMIRAL ENERGY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 16.7k NOK. Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -289.2k NOK → -338.0k NOK. Calculated
-
↓
Net result weakened
Net result -289.1k NOK → -338.3k NOK. Calculated
-
↓
Equity eroded
Book equity -39.1k NOK → -377.4k NOK (equity ratio -72.0% → -3223.5%). Calculated
-
↓
Cash fell
Bank deposits 54.4k NOK → 11.7k NOK (-78.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -3223.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 262.0k NOK → 323.5k NOK. Calculated
-
·
COGS moved
COGS / varekostnad 0 NOK → 20.2k NOK (None YoY). Calculated