ADMMIT AS: årsregnskap 2017 vs 2016
Grew 31% on revenue, weaker earnings
approved 2018-05-18; registry 2018-07-18; journal 2018 719837
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADMMIT AS. Revenue 3.60m NOK → 4.70m NOK (+30.6%). Net result +491.8k NOK → +367.8k NOK. Equity 863.3k NOK → 611.1k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for ADMMIT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.60m NOK to 4.70m NOK (+30.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +389.6k NOK → +203.4k NOK (op. margin 10.8% → 4.3%). Calculated
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↓
Net result weakened
Net result +491.8k NOK → +367.8k NOK (net margin 13.7% → 7.8%). Calculated
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↓
Equity eroded
Book equity 863.3k NOK → 611.1k NOK (equity ratio 10.8% → 6.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 480 NOK — check capital reduction, conversion, or reclassification. Interpretation