ADMIT AS: årsregnskap 2016 vs 2015
Shrank 56% on revenue, slipped into loss
approved 2017-06-30; registry 2017-07-08; journal 2017 630890
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADMIT AS. Revenue 2.44m NOK → 1.06m NOK (-56.3%). Net result +55.1k NOK → -558.2k NOK. Equity 2.01m NOK → 1.45m NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADMIT AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 14.5k NOK → 49.4k NOK (+240.6% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.14× → 3.81×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.44m NOK to 1.06m NOK (-56.3% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 55.1k NOK profit to a loss of 558.2k NOK. Calculated
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↓
Equity eroded
Book equity 2.01m NOK → 1.45m NOK (equity ratio 56.2% → 44.9%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.94m NOK → 1.59m NOK (-17.6% YoY). Calculated