ADNUNTIUS AS: årsregnskap 2017 vs 2016
Shrank 12% on revenue, fresh owner capital
approved 2018-06-30; registry 2018-07-31; journal 2018 826232
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADNUNTIUS AS. Revenue 600.0k NOK → 528.0k NOK (-12.0%). Equity 1.54m NOK → -461.6k NOK.
On the constructive side: cash rose; owners injected capital. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADNUNTIUS AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 2 406 NOK → 149.6k NOK (+6117.8% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 7 070 NOK → 15.38m NOK (+15.37m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 600.0k NOK to 528.0k NOK (-12.0% YoY). Calculated
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↓
Operating result weakened
Operating result +533.7k NOK → -10.30m NOK (op. margin 89.0% → -1950.0%). Calculated
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↓
Equity eroded
Book equity 1.54m NOK → -461.6k NOK (equity ratio 63.9% → -7.5%). Calculated
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↓
Payroll up without matching revenue
Salary cost 1 419 NOK → 1.94m NOK (0% → 368% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -7.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation