ADS AIRPORT SERVICES AS: årsregnskap 2016 vs 2015
Shrank 99% on revenue, weaker earnings
approved 2017-06-02; registry 2017-07-08; journal 2017 622838
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADS AIRPORT SERVICES AS. Revenue 37.28m NOK → 270.5k NOK (-99.3%). Net result +22.09m NOK → +5.66m NOK. Equity 12.07m NOK → 15.03m NOK.
On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ADS AIRPORT SERVICES AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 12.07m NOK → 15.03m NOK (equity ratio 10.4% → 15.6%). Calculated
-
↑
Cash rose
Bank deposits 320.8k NOK → 337.8k NOK (+5.3% YoY). Calculated
-
↑
Payroll decreased
Salary cost 9.69m NOK → 9 687 NOK (26% → 4% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 37.28m NOK to 270.5k NOK (-99.3% YoY). Calculated
-
↓
Operating result weakened
Operating result +10.58m NOK → -1.82m NOK (op. margin 28.4% → -671.9%). Calculated
-
↓
Net result weakened
Net result +22.09m NOK → +5.66m NOK (net margin 59.3% → 2090.9%). Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 15.37m NOK → 11.27m NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Book investments changed
Investment / intangible book value 35.88m NOK → 57.66m NOK. Reported fact