FirmaIQ
Org.nr 992 357 010 2015 → 2016 Year-over-year analysis

2 SNØMENN AS: årsregnskap 2016 vs 2015

Shrank 28% on revenue, weaker earnings

approved 2017-06-07; registry 2017-06-26; journal 2017 532635

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for 2 SNØMENN AS. Revenue 12.18m NOK → 8.78m NOK (-27.9%). Net result +2.85m NOK → +1.77m NOK. Equity 3.28m NOK → 2.16m NOK.

On the constructive side: 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 2 SNØMENN AS.

At a glance

Scorecard

Revenue
12.18m NOK 8.78m NOK
-27.9%
Operating result
n/m +2.35m NOK
—
Net result
+2.85m NOK +1.77m NOK
-37.9%
Equity
3.28m NOK 2.16m NOK
-34.3%
Cash
6.38m NOK 4.11m NOK
-35.6%
Total assets
7.81m NOK 7.45m NOK
-4.6%

What improved

  • ↑

    Payroll decreased

    Salary cost 2.53m NOK → 2.22m NOK (21% → 25% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 12.18m NOK to 8.78m NOK (-27.9% YoY). Calculated

  • ↓

    Net result weakened

    Net result +2.85m NOK → +1.77m NOK (net margin 23.4% → 20.2%). Calculated

  • ↓

    Equity eroded

    Book equity 3.28m NOK → 2.16m NOK (equity ratio 42.0% → 28.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 6.38m NOK → 4.11m NOK (-35.6% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 4.94m NOK → 3.28m NOK (-33.5% YoY). Calculated