ADSERØ BILVERKSTED AS: årsregnskap 2017 vs 2016
Shrank 86% on revenue, returned to profit, cash halved-plus
approved 2018-06-14; registry 2018-06-19; journal 2018 509659
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADSERØ BILVERKSTED AS. Revenue 7.21m NOK → 1.02m NOK (-85.9%). Net result -614.0k NOK → +704.3k NOK. Equity 411.2k NOK → 1 115 NOK.
On the constructive side: operating result improved; turned profitable. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADSERØ BILVERKSTED AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -743.0k NOK → +962.6k NOK (op. margin -10.3% → 94.3%). Calculated
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Turned profitable
Net result flipped from a loss of 614.0k NOK to a profit of 704.3k NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.21m NOK to 1.02m NOK (-85.9% YoY). Calculated
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Equity eroded
Book equity 411.2k NOK → 1 115 NOK (equity ratio 14.4% → 0.0%). Calculated
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Cash fell
Bank deposits 120.0k NOK → 36.5k NOK (-69.6% YoY). Calculated
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Payroll up without matching revenue
Salary cost 2.60m NOK → 3.20m NOK (36% → 314% of revenue). Calculated
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COGS moved
COGS / varekostnad 2.63m NOK → 4.01m NOK (+52.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation