FirmaIQ
Org.nr 987 486 910 2016 → 2017 Year-over-year analysis

ADRASTEIA HOLDING AS: årsregnskap 2017 vs 2016

Shrank 10% on revenue, stronger earnings, cash halved-plus

approved 2018-06-30; registry 2018-07-12; journal 2018 680363

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ADRASTEIA HOLDING AS. Revenue 261.1k NOK → 234.6k NOK (-10.1%). Net result -7.58m NOK → -1.29m NOK. Equity 9.43m NOK → 8.55m NOK.

On the constructive side: net result improved; current ratio back above 1×. Pressures included: revenue fell; equity eroded; cash fell.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
261.1k NOK 234.6k NOK
-10.1%
Net result
-7.58m NOK -1.29m NOK
+83.0%
Equity
9.43m NOK 8.55m NOK
-9.3%
Cash
177.5k NOK 64.3k NOK
-63.8%
Total assets
17.80m NOK 24.21m NOK
+36.1%

What improved

  • ↑

    Net result improved

    Net result -7.58m NOK → -1.29m NOK (net margin -2901.8% → -547.8%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.05× → 28.70×. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 261.1k NOK to 234.6k NOK (-10.1% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 9.43m NOK → 8.55m NOK (equity ratio 53.0% → 35.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 177.5k NOK → 64.3k NOK (-63.8% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 45.6k NOK → 83.9k NOK (17% → 36% of revenue). Calculated