ADWIZO AS: årsregnskap 2016 vs 2015
Shrank 94% on revenue, weaker earnings
approved 2017-06-30; registry 2017-07-04; journal 2017 608581
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADWIZO AS. Revenue 759.2k NOK → 45.5k NOK (-94.0%). Net result +23.6k NOK → +454 NOK. Equity 34.7k NOK → 35.1k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADWIZO AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 92.6k NOK → 111.7k NOK (+20.6% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 759.2k NOK to 45.5k NOK (-94.0% YoY). Calculated
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↓
Operating result weakened
Operating result +11.7k NOK → +6 711 NOK (op. margin 1.5% → 14.8%). Calculated
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↓
Net result weakened
Net result +23.6k NOK → +454 NOK (net margin 3.1% → 1.0%). Calculated
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↓
Payroll up without matching revenue
Salary cost 9.57m NOK → 9.83m NOK (1261% → 21608% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation