FirmaIQ
Org.nr 975 339 793 2015 → 2016 Year-over-year analysis

3 TS INDUSTRISERVICE AS: årsregnskap 2016 vs 2015

Shrank 10% on revenue, returned to profit

approved 2017-05-09; registry 2017-06-10; journal 2017 413015

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for 3 TS INDUSTRISERVICE AS. Revenue 46.18m NOK → 41.74m NOK (-9.6%). Net result -291.3k NOK → +650.5k NOK. Equity 3.11m NOK → 4.76m NOK.

On the constructive side: turned profitable; equity strengthened; cash rose. Pressures included: revenue fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 3 TS INDUSTRISERVICE AS.

At a glance

Scorecard

Revenue
46.18m NOK 41.74m NOK
-9.6%
Net result
-291.3k NOK +650.5k NOK
+323.3%
Equity
3.11m NOK 4.76m NOK
+53.0%
Cash
1.76m NOK 5.36m NOK
+205.3%
Total assets
10.17m NOK 12.11m NOK
+19.1%

What improved

  • ↑

    Turned profitable

    Net result flipped from a loss of 291.3k NOK to a profit of 650.5k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 3.11m NOK → 4.76m NOK (equity ratio 30.6% → 39.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.76m NOK → 5.36m NOK (+205.3% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.25× → 2.28×. Calculated

  • ↑

    Payroll decreased

    Salary cost 17.49m NOK → 12.88m NOK (38% → 31% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 46.18m NOK to 41.74m NOK (-9.6% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 23.11m NOK → 22.12m NOK (-4.3% YoY). Calculated