Org.nr 939 000 313 2015 → 2016 Year-over-year analysis

ADWANS AS: årsregnskap 2016 vs 2015

Shrank 9% on revenue

approved 2017-06-10; registry 2017-06-28; journal 2017 551842

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for ADWANS AS. Revenue 313.4k NOK → 284.9k NOK (-9.1%). Equity -650.2k NOK → -730.1k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADWANS AS.

At a glance

Revenue

313.4k NOK 284.9k NOK

-9.1%

Equity

-650.2k NOK -730.1k NOK

-12.3%

Cash

83.0k NOK 41.9k NOK

-49.5%

Total assets

129.9k NOK 52.3k NOK

-59.8%

↑
Payroll decreased

Salary cost 235.5k NOK → 164.1k NOK (75% → 58% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 313.4k NOK to 284.9k NOK (-9.1% YoY). Calculated
↓
Equity eroded

Book equity -650.2k NOK → -730.1k NOK (equity ratio -500.4% → -1396.0%). Calculated
↓
Cash fell

Bank deposits 83.0k NOK → 41.9k NOK (-49.5% YoY). Calculated

·
Thin equity buffer

Equity ratio is -1396.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation