100 % PAULSEN AS: årsregnskap 2016 vs 2015
Shrank 36% on revenue, cash halved-plus
approved 2017-05-31; registry 2017-06-13; journal 2017 444885
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 100 % PAULSEN AS. Revenue 3.25m NOK → 2.07m NOK (-36.4%). Equity 63.2k NOK → -62.2k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for 100 % PAULSEN AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 3.25m NOK to 2.07m NOK (-36.4% YoY). Calculated
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↓
Equity eroded
Book equity 63.2k NOK → -62.2k NOK (equity ratio 9.8% → -15.0%). Calculated
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↓
Cash fell
Bank deposits 196.6k NOK → 65.8k NOK (-66.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.11× → 0.81× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 1 150 NOK → 1.95m NOK (0% → 94% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -15.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 1.56m NOK → 829.7k NOK (-46.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 33.2k NOK → 5 089 NOK. Reported fact