1852 INVEST AS: årsregnskap 2016 vs 2015
Grew 26% on revenue, cash halved-plus, fresh owner capital
approved 2017-05-08; registry 2017-06-28; journal 2017 530049
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 1852 INVEST AS. Revenue 23.35m NOK → 29.31m NOK (+25.5%). Equity 27.82m NOK → 20.76m NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; payroll increased; cogs fell. All figures are taken from the published annual accounts for 1852 INVEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 23.35m NOK to 29.31m NOK (+25.5% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 9.37m NOK → 20.76m NOK (+11.39m NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 27.82m NOK → 20.76m NOK (equity ratio 54.9% → 34.5%). Calculated
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↓
Cash fell
Bank deposits 5.54m NOK → 424.5k NOK (-92.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.45× → 0.78× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (5.54m NOK → 424.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 21.92m NOK → 25.35m NOK (94% → 86% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 117.13m NOK → 116.14m NOK (-0.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 17.56m NOK → 29.32m NOK. Reported fact