ADRESSEAVISEN AS: årsregnskap 2017 vs 2016
Weaker earnings, cash halved-plus
approved 2018-05-30; registry 2018-07-04; journal 2018 619037
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADRESSEAVISEN AS. Revenue 536.93m NOK → 527.28m NOK (-1.8%). Net result +904.94m NOK → +68.16m NOK. Equity 1.09m NOK → 1.33bn NOK.
On the constructive side: operating result improved; equity strengthened. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADRESSEAVISEN AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -15.89m NOK → +36.84m NOK (op. margin -3.0% → 7.0%). Calculated
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↑
Equity strengthened
Book equity 1.09m NOK → 1.33bn NOK (equity ratio 82.5% → 83.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 536.93m NOK to 527.28m NOK (-1.8% YoY). Calculated
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↓
Net result weakened
Net result +904.94m NOK → +68.16m NOK (net margin 168.5% → 12.9%). Calculated
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↓
Cash fell
Bank deposits 397.0k NOK → 50.7k NOK (-87.2% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 8.21m NOK → 194.56m NOK (2% → 37% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 84.01m NOK → 78.71m NOK (-6.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 18.94bn NOK → 169.69m NOK. Reported fact