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Org.nr 947 812 815 2015 → 2016 Year-over-year analysis

ADONIS AS: årsregnskap 2016 vs 2015

Shrank 30% on revenue, slipped into loss

approved 2017-06-16; registry 2017-08-01; journal 2017 790430

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for ADONIS AS. Revenue 16.56m NOK → 11.67m NOK (-29.5%). Net result +51 NOK → -2.81bn NOK. Equity 5.42m NOK → 2.61m NOK.

On the constructive side: cash rose. Pressures included: revenue fell; fell into a net loss; equity eroded.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADONIS AS.

At a glance

Scorecard

Revenue
16.56m NOK 11.67m NOK
-29.5%
Net result
+51 NOK -2.81bn NOK
-5502981845.1%
Equity
5.42m NOK 2.61m NOK
-51.8%
Cash
649.8k NOK 2.29m NOK
+252.1%
Total assets
16.40m NOK 16.48m NOK
+0.4%

What improved

  • ↑

    Cash rose

    Bank deposits 649.8k NOK → 2.29m NOK (+252.1% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 16.56m NOK to 11.67m NOK (-29.5% YoY). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 51 NOK profit to a loss of 2.81bn NOK. Calculated

  • ↓

    Equity eroded

    Book equity 5.42m NOK → 2.61m NOK (equity ratio 33.0% → 15.9%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.94× → 0.89× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

  • ↓

    COGS moved

    COGS / varekostnad 5.77m NOK → 6.05m NOK (+4.8% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 5 000 NOK → 8 000 NOK. Reported fact