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Org.nr 997 489 101 2016 → 2017 Year-over-year analysis

ADORACION AS: årsregnskap 2017 vs 2016

Shrank 66% on revenue, stronger earnings, cash halved-plus

approved 2018-06-30; registry 2018-07-16; journal 2018 686706

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ADORACION AS. Revenue 457.9k NOK → 153.5k NOK (-66.5%). Net result +167.3k NOK → +368.9k NOK. Equity 480.0k NOK → 111.1k NOK.

On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.

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

At a glance

Scorecard

Revenue
457.9k NOK 153.5k NOK
-66.5%
Operating result
+193.5k NOK +369.1k NOK
+90.7%
Net result
+167.3k NOK +368.9k NOK
+120.5%
Equity
480.0k NOK 111.1k NOK
-76.8%
Cash
176.9k NOK 87.6k NOK
-50.5%
Total assets
520.4k NOK 165.0k NOK
-68.3%

What improved

  • ↑

    Operating result improved

    Operating result +193.5k NOK → +369.1k NOK (op. margin 42.3% → 240.5%). Calculated

  • ↑

    Net result improved

    Net result +167.3k NOK → +368.9k NOK (net margin 36.5% → 240.3%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 457.9k NOK to 153.5k NOK (-66.5% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 480.0k NOK → 111.1k NOK (equity ratio 92.2% → 67.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 176.9k NOK → 87.6k NOK (-50.5% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 200.3k NOK → 117.5k NOK (-41.4% YoY). Calculated