ADSEO AS: årsregnskap 2017 vs 2016
Grew 2465% on revenue, slipped into loss, cash halved-plus
approved 2018-06-30; registry 2018-07-18; journal 2018 730395
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADSEO AS. Revenue 1 659 NOK → 42.6k NOK (+2465.0%). Net result +32.9k NOK → -38.2k NOK. Equity 62.9k NOK → 25.0k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ADSEO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 659 NOK to 42.6k NOK (+2465.0% YoY). Calculated
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↑
Payroll decreased
Salary cost 935.2k NOK → 348.2k NOK (56372% → 818% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +52.2k NOK → -38.2k NOK (op. margin 3148.0% → -89.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 32.9k NOK profit to a loss of 38.2k NOK. Calculated
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↓
Equity eroded
Book equity 62.9k NOK → 25.0k NOK (equity ratio 24.0% → 9.2%). Calculated
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↓
Cash fell
Bank deposits 198.7k NOK → 94.9k NOK (-52.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 43.9k NOK → 115.9k NOK (+164.3% YoY). Calculated