ADWIZO AS: årsregnskap 2017 vs 2016
Grew 1501% on revenue, cash halved-plus
approved 2018-06-30; registry 2018-07-05; journal 2018 641971
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADWIZO AS. Revenue 45.5k NOK → 728.0k NOK (+1501.1%). Net result +454 NOK → +7 940 NOK. Equity 35.1k NOK → 43.1k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADWIZO AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 45.5k NOK to 728.0k NOK (+1501.1% YoY). Calculated
-
↑
Operating result improved
Operating result +6 711 NOK → +23.1k NOK (op. margin 14.8% → 3.2%). Calculated
-
↑
Net result improved
Net result +454 NOK → +7 940 NOK (net margin 1.0% → 1.1%). Calculated
-
↑
Equity strengthened
Book equity 35.1k NOK → 43.1k NOK (equity ratio 5.5% → 4.6%). Calculated
-
↑
Payroll decreased
Salary cost 9.83m NOK → 9.54m NOK (21608% → 1311% of revenue). Calculated
What deteriorated
-
↓
Cash fell
Bank deposits 111.7k NOK → 39.4k NOK (-64.7% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 4.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation