ADREM AS: årsregnskap 2017 vs 2016
Shrank 95% on revenue, slipped into loss, cash halved-plus
approved 2018-07-29; registry 2018-07-31; journal 2018 849232
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADREM AS. Revenue 70.0k NOK → 3 324 NOK (-95.3%). Net result +20.1k NOK → -25.3k NOK. Equity 5 431 NOK → -19.9k NOK.
Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADREM AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 70.0k NOK to 3 324 NOK (-95.3% YoY). Calculated
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Fell into a net loss
Net result flipped from 20.1k NOK profit to a loss of 25.3k NOK. Calculated
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Equity eroded
Book equity 5 431 NOK → -19.9k NOK (equity ratio 13.4% → -4.9%). Calculated
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Cash fell
Bank deposits 13.2k NOK → 426 NOK (-96.8% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.15× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -4.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 36.3k NOK → 0 NOK (-100.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 7 500 NOK → 4.41m NOK. Reported fact