123BILMEGLER HARDANGER AS: årsregnskap 2016 vs 2015
Shrank 17% on revenue, cash halved-plus
approved 2017-06-30; registry 2017-07-22; journal 2017 750030
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 123BILMEGLER HARDANGER AS. Revenue 6.83m NOK → 5.68m NOK (-16.9%). Equity -379.4k NOK → -206.6k NOK.
On the constructive side: equity strengthened; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 123BILMEGLER HARDANGER AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -379.4k NOK → -206.6k NOK (equity ratio -40.1% → -143.6%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.03× → 1.17×. Calculated
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↑
Payroll decreased
Salary cost 451.2k NOK → 280.9k NOK (7% → 5% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.83m NOK to 5.68m NOK (-16.9% YoY). Calculated
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↓
Cash fell
Bank deposits 41.6k NOK → 14.1k NOK (-66.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -143.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 6.17m NOK → 4.75m NOK (-23.0% YoY). Calculated