ADMIRAL OFFSHORE AS: årsregnskap 2016 vs 2015
Shrank 97% on revenue, returned to profit
approved 2017-05-29; registry 2017-06-10; journal 2017 416885
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADMIRAL OFFSHORE AS. Revenue 110.3k NOK → 3 053 NOK (-97.2%). Net result -495.1k NOK → +22.8k NOK. Equity 1.31m NOK → 1.33m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADMIRAL OFFSHORE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -300.1k NOK → +33.7k NOK (op. margin -272.0% → 1103.6%). Calculated
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Turned profitable
Net result flipped from a loss of 495.1k NOK to a profit of 22.8k NOK. Calculated
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↑
Equity strengthened
Book equity 1.31m NOK → 1.33m NOK (equity ratio 92.1% → 97.1%). Calculated
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Cash rose
Bank deposits 535.8k NOK → 564.5k NOK (+5.3% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 110.3k NOK to 3 053 NOK (-97.2% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 223.9k NOK → 479.2k NOK (203% → 15696% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 91.8k NOK → 116.8k NOK. Reported fact