ADMIRATION AS: årsregnskap 2017 vs 2016
Grew 35% on revenue, returned to profit, cash halved-plus
approved 2021-04-25; registry 2021-04-27; journal 2021 231666
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADMIRATION AS. Revenue 701.9k NOK → 946.5k NOK (+34.8%). Net result -76.5k NOK → +39.5k NOK. Equity -85.1k NOK → -45.6k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: payroll increased. 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 701.9k NOK to 946.5k NOK (+34.8% YoY). Calculated
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↑
Operating result improved
Operating result -53.5k NOK → +50.9k NOK (op. margin -7.6% → 5.4%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 76.5k NOK to a profit of 39.5k NOK. Calculated
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↑
Equity strengthened
Book equity -85.1k NOK → -45.6k NOK (equity ratio -21.4% → -15.1%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 76.6k NOK → 19.7k NOK (-74.3% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 472.8k NOK → 642.0k NOK (67% → 68% of revenue). Calculated