FirmaIQ
Org.nr 943 784 299 2015 → 2016 Year-over-year analysis

1891 HOLDING AS: årsregnskap 2016 vs 2015

Shrank 72% on revenue, weaker earnings

approved 2017-06-12; registry 2017-07-22; journal 2017 742225

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for 1891 HOLDING AS. Revenue 923.8k NOK → 254.3k NOK (-72.5%). Net result +4.03m NOK → +2.55m NOK. Equity 58.53m NOK → 30.11m NOK.

On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 1891 HOLDING AS.

At a glance

Scorecard

Revenue
923.8k NOK 254.3k NOK
-72.5%
Operating result
n/m -1.20m NOK
—
Net result
+4.03m NOK +2.55m NOK
-36.8%
Equity
58.53m NOK 30.11m NOK
-48.6%
Cash
302.9k NOK 682.8k NOK
+125.4%
Total assets
70.81m NOK 46.36m NOK
-34.5%

What improved

  • ↑

    Cash rose

    Bank deposits 302.9k NOK → 682.8k NOK (+125.4% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 21.65m NOK → 19.41m NOK (2344% → 7634% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 923.8k NOK to 254.3k NOK (-72.5% YoY). Calculated

  • ↓

    Net result weakened

    Net result +4.03m NOK → +2.55m NOK (net margin 436.4% → 1002.5%). Calculated

  • ↓

    Equity eroded

    Book equity 58.53m NOK → 30.11m NOK (equity ratio 82.6% → 64.9%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 56.71m NOK → 56.39m NOK (-0.6% YoY). Calculated