Org.nr 912 173 275 2015 → 2016 Year-over-year analysis

ADRIATIC + AS: årsregnskap 2016 vs 2015

Shrank 100% on revenue

approved 2017-07-27; registry 2017-08-01; journal 2017 800754

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for ADRIATIC + AS. Revenue 2.91m NOK → 2 785 NOK (-99.9%). Equity -1.06m NOK → -1.63m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADRIATIC + AS.

At a glance

Revenue

2.91m NOK 2 785 NOK

-99.9%

Equity

-1.06m NOK -1.63m NOK

-53.3%

Cash

17.8k NOK 14.1k NOK

-20.5%

Total assets

441.3k NOK 397.2k NOK

-10.0%

↑
Payroll decreased

Salary cost 1.51m NOK → 3 NOK (52% → 0% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 2.91m NOK to 2 785 NOK (-99.9% YoY). Calculated
↓
Equity eroded

Book equity -1.06m NOK → -1.63m NOK (equity ratio -241.2% → -410.7%). Calculated
↓
Cash fell

Bank deposits 17.8k NOK → 14.1k NOK (-20.5% YoY). Calculated

·
Thin equity buffer

Equity ratio is -410.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS fell

COGS / varekostnad 76.1k NOK → 1 004 NOK (-98.7% YoY). Calculated