ADRUIKA AS: årsregnskap 2016 vs 2015
Shrank 29% on revenue, weaker earnings
approved 2017-05-24; registry 2017-07-11; journal 2017 650828
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADRUIKA AS. Revenue 47.62m NOK → 33.98m NOK (-28.6%). Net result +297.9k NOK → +102.5k NOK. Equity 929.6k NOK → 32.2k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADRUIKA AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 394.2k NOK → 863.4k NOK (+119.1% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 47.62m NOK to 33.98m NOK (-28.6% YoY). Calculated
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↓
Operating result weakened
Operating result +431.8k NOK → +156.8k NOK (op. margin 0.9% → 0.5%). Calculated
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↓
Net result weakened
Net result +297.9k NOK → +102.5k NOK (net margin 0.6% → 0.3%). Calculated
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↓
Equity eroded
Book equity 929.6k NOK → 32.2k NOK (equity ratio 15.0% → 2.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 40.15m NOK → 28.71m NOK (-28.5% YoY). Calculated