ADMIRATION AS: årsregnskap 2016 vs 2015
Grew 40% on revenue
approved 2021-04-24; registry 2021-05-18; journal 2021 231044
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADMIRATION AS. Revenue 500.7k NOK → 701.9k NOK (+40.2%). Net result -75.4k NOK → -76.5k NOK. Equity 30.0k NOK → -85.1k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ADMIRATION AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 500.7k NOK to 701.9k NOK (+40.2% YoY). Calculated
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↑
Operating result improved
Operating result -69.1k NOK → -53.5k NOK (op. margin -13.8% → -7.6%). Calculated
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↑
Cash rose
Bank deposits 16.2k NOK → 76.6k NOK (+371.4% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 30.0k NOK → -85.1k NOK (equity ratio 12.9% → -21.4%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.28× → 0.31× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -21.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 331.7k NOK → 472.8k NOK (66% → 67% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 17.3k NOK → 0 NOK (-100.0% YoY). Calculated