ADMIT AS: årsregnskap 2017 vs 2016
Grew 34% on revenue, stronger earnings
approved 2018-06-27; registry 2018-07-04; journal 2018 610129
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADMIT AS. Revenue 1.06m NOK → 1.42m NOK (+33.9%). Net result -558.2k NOK → -406.8k NOK. Equity 1.45m NOK → 1.05m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
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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↑
Revenue rose
Operating income / revenue moved from 1.06m NOK to 1.42m NOK (+33.9% YoY). Calculated
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↑
Operating result improved
Operating result -721.8k NOK → -431.8k NOK (op. margin -67.9% → -30.3%). Calculated
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↑
Net result improved
Net result -558.2k NOK → -406.8k NOK (net margin -52.5% → -28.6%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 1.45m NOK → 1.05m NOK (equity ratio 44.9% → 28.1%). Calculated
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↓
Cash fell
Bank deposits 49.4k NOK → 35.0k NOK (-29.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.81× → 0.38× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.59m NOK → 1.35m NOK (-15.7% YoY). Calculated