AIDCOM HOLDING AS: årsregnskap 2016 vs 2015
Shrank 64% on revenue, weaker earnings
approved 2017-05-31; registry 2017-06-19; journal 2017 481624
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for AIDCOM HOLDING AS. Revenue 795.6k NOK → 289.5k NOK (-63.6%). Net result +141.1k NOK → +40.3k NOK. Equity -1.24m NOK → -1.20m NOK.
On the constructive side: equity strengthened. 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 AIDCOM HOLDING AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -1.24m NOK → -1.20m NOK (equity ratio -438.9% → -1178.6%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 795.6k NOK to 289.5k NOK (-63.6% YoY). Calculated
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↓
Operating result weakened
Operating result +138.0k NOK → +53.7k NOK (op. margin 17.3% → 18.5%). Calculated
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↓
Net result weakened
Net result +141.1k NOK → +40.3k NOK (net margin 17.7% → 13.9%). Calculated
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↓
Cash fell
Bank deposits 75.3k NOK → 72.6k NOK (-3.6% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost -56.2k NOK → 2.40m NOK (-7% → 831% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -1178.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation