Org.nr 913 850 513 2015 → 2016 Year-over-year analysis

ADORE AS: årsregnskap 2016 vs 2015

Grew 16% on revenue

approved 2017-06-25; registry 2017-07-11; journal 2017 681915

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for ADORE AS. Revenue 1.37m NOK → 1.58m NOK (+15.6%). Equity 401.2k NOK → 370.1k NOK.

On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; equity eroded.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADORE AS.

At a glance

Revenue

1.37m NOK 1.58m NOK

+15.6%

Operating result

+51.7k NOK -43.0k NOK

-183.2%

Equity

401.2k NOK 370.1k NOK

-7.7%

Cash

144.3k NOK 241.1k NOK

+67.1%

Total assets

575.0k NOK 777.8k NOK

+35.3%

↑
Revenue rose

Operating income / revenue moved from 1.37m NOK to 1.58m NOK (+15.6% YoY). Calculated
↑
Cash rose

Bank deposits 144.3k NOK → 241.1k NOK (+67.1% YoY). Calculated

↓
Operating result weakened

Operating result +51.7k NOK → -43.0k NOK (op. margin 3.8% → -2.7%). Calculated
↓
Equity eroded

Book equity 401.2k NOK → 370.1k NOK (equity ratio 69.8% → 47.6%). Calculated

·
Payroll increased

Salary cost 409.6k NOK → 565.3k NOK (30% → 36% of revenue). Calculated
·
COGS moved

COGS / varekostnad 548.2k NOK → 853.7k NOK (+55.7% YoY). Calculated