ADORA AS: årsregnskap 2017 vs 2016
Shrank 100% on revenue, slipped into loss, cash halved-plus
approved 2018-06-17; registry 2018-07-30; journal 2018 837005
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADORA AS. Revenue 255.8k NOK → 255 NOK (-99.9%). Net result +170.4k NOK → -27.2k NOK. Equity 205.0k NOK → 177.8k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADORA AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 255.8k NOK to 255 NOK (-99.9% YoY). Calculated
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↓
Operating result weakened
Operating result +200.5k NOK → -35.8k NOK (op. margin 78.4% → -14046.3%). Calculated
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Fell into a net loss
Net result flipped from 170.4k NOK profit to a loss of 27.2k NOK. Calculated
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↓
Equity eroded
Book equity 205.0k NOK → 177.8k NOK (equity ratio 34.8% → 39.8%). Calculated
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↓
Cash fell
Bank deposits 70.1k NOK → 17.5k NOK (-75.1% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 200.0k NOK → 400 NOK. Reported fact