2-HAND INTERNATIONAL MACHINERY AND PRODUCTION EQUIPMENT AS: årsregnskap 2016 vs 2015
Shrank 32% on revenue, stronger earnings, cash halved-plus
approved 2017-08-21; registry 2017-08-24; journal 2017 877982
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 2-HAND INTERNATIONAL MACHINERY AND PRODUCTION EQUIPMENT AS. Revenue 17.52m NOK → 11.84m NOK (-32.4%). Net result +2 015 NOK → +389.9k NOK. Equity 1.65m NOK → 894.0k NOK.
On the constructive side: net result improved; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for 2-HAND INTERNATIONAL MACHINERY AND PRODUCTION EQUIPMENT AS.
At a glance
Scorecard
What improved
-
↑
Net result improved
Net result +2 015 NOK → +389.9k NOK (net margin 0.0% → 3.3%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.46× → 2.23×. Calculated
-
↑
Payroll decreased
Salary cost 479.3k NOK → 232.1k NOK (3% → 2% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 17.52m NOK to 11.84m NOK (-32.4% YoY). Calculated
-
↓
Equity eroded
Book equity 1.65m NOK → 894.0k NOK (equity ratio 68.1% → 34.9%). Calculated
-
↓
Cash fell
Bank deposits 857.0k NOK → 30.7k NOK (-96.4% YoY). Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 980.0k NOK → 30.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
COGS fell
COGS / varekostnad 15.36m NOK → 10.43m NOK (-32.1% YoY). Calculated