3H HOLDING AS: årsregnskap 2016 vs 2015
Shrank 9% on revenue, stronger earnings
approved 2017-06-30; registry 2017-07-19; journal 2017 722060
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 3H HOLDING AS. Revenue 328.0k NOK → 298.5k NOK (-9.0%). Net result +577.8k NOK → +782.2k NOK. Equity 14.75m NOK → 11.97m NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 3H HOLDING AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -397.9k NOK → -95.5k NOK (op. margin -121.3% → -32.0%). Calculated
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Net result improved
Net result +577.8k NOK → +782.2k NOK (net margin 176.1% → 262.1%). Calculated
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Cash rose
Bank deposits 34.4k NOK → 45.3k NOK (+31.8% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 328.0k NOK to 298.5k NOK (-9.0% YoY). Calculated
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↓
Equity eroded
Book equity 14.75m NOK → 11.97m NOK (equity ratio 88.0% → 86.8%). Calculated
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Current ratio dropped below 1×
Current ratio 1.95× → 0.11× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Book investments changed
Investment / intangible book value 4.58m NOK → 2.51m NOK. Reported fact