FirmaIQ
Org.nr 997 489 101 2015 → 2016 Year-over-year analysis

ADORACION AS: årsregnskap 2016 vs 2015

Grew 60% on revenue, returned to profit

approved 2017-06-08; registry 2017-06-27; journal 2017 540841

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for ADORACION AS. Revenue 285.9k NOK → 457.9k NOK (+60.2%). Net result -49.7k NOK → +167.3k NOK. Equity 312.7k NOK → 480.0k NOK.

On the constructive side: revenue rose; operating result improved; turned profitable.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADORACION AS.

At a glance

Scorecard

Revenue
285.9k NOK 457.9k NOK
+60.2%
Operating result
-46.4k NOK +193.5k NOK
+517.0%
Net result
-49.7k NOK +167.3k NOK
+436.7%
Equity
312.7k NOK 480.0k NOK
+53.5%
Cash
81.9k NOK 176.9k NOK
+116.1%
Total assets
326.8k NOK 520.4k NOK
+59.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 285.9k NOK to 457.9k NOK (+60.2% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -46.4k NOK → +193.5k NOK (op. margin -16.2% → 42.3%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 49.7k NOK to a profit of 167.3k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 312.7k NOK → 480.0k NOK (equity ratio 95.7% → 92.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 81.9k NOK → 176.9k NOK (+116.1% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 278.5k NOK → 200.3k NOK (-28.1% YoY). Calculated