ADREK AS: årsregnskap 2017 vs 2016
Grew 112480% on revenue, cash halved-plus
approved 2018-07-24; registry 2018-07-26; journal 2018 816212
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADREK AS. Revenue 749.6k NOK → 843.90m NOK (+112479.9%). Net result +749.6k NOK → +843.9k NOK. Equity 30.0k NOK → -290.2k NOK.
On the constructive side: revenue rose; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADREK AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 749.6k NOK to 843.90m NOK (+112479.9% YoY). Calculated
-
↑
Net result improved
Net result +749.6k NOK → +843.9k NOK (net margin 100.0% → 0.1%). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 30.0k NOK → -290.2k NOK (equity ratio 100.0% → -248.0%). Calculated
-
↓
Cash fell
Bank deposits 20.3k NOK → -31.0k NOK (-252.4% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -248.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation