ADS AIRPORT SERVICES AS: årsregnskap 2017 vs 2016
Grew 13% on revenue, weaker earnings, cash halved-plus
approved 2018-04-18; registry 2018-06-18; journal 2018 495090
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADS AIRPORT SERVICES AS. Revenue 270.5k NOK → 304.9k NOK (+12.7%). Net result +5.66m NOK → +728.2k NOK. Equity 15.03m NOK → 1.05m NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded; cash fell.
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
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↑
Revenue rose
Operating income / revenue moved from 270.5k NOK to 304.9k NOK (+12.7% YoY). Calculated
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↑
Operating result improved
Operating result -1.82m NOK → -165.9k NOK (op. margin -671.9% → -54.4%). Calculated
What deteriorated
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↓
Net result weakened
Net result +5.66m NOK → +728.2k NOK (net margin 2090.9% → 238.8%). Calculated
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↓
Equity eroded
Book equity 15.03m NOK → 1.05m NOK (equity ratio 15.6% → 12.9%). Calculated
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↓
Cash fell
Bank deposits 337.8k NOK → 23.6k NOK (-93.0% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 11.27m NOK → 1.71m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 57.66m NOK → 10.0k NOK. Reported fact