3HUS AS: årsregnskap 2016 vs 2015
Shrank 15% on revenue, stronger earnings
approved 2017-05-24; registry 2017-06-07; journal 2017 397845
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 3HUS AS. Revenue 1.73m NOK → 1.47m NOK (-15.1%). Net result -185.4k NOK → -38.7k NOK. Equity -121.0k NOK → -159.7k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; cogs moved.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3HUS AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -184.9k NOK → -37.7k NOK (op. margin -10.7% → -2.6%). Calculated
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Net result improved
Net result -185.4k NOK → -38.7k NOK (net margin -10.7% → -2.6%). Calculated
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Cash rose
Bank deposits 157.6k NOK → 276.3k NOK (+75.3% YoY). Calculated
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Payroll decreased
Salary cost 1.59m NOK → 1.17m NOK (92% → 80% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.73m NOK to 1.47m NOK (-15.1% YoY). Calculated
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↓
Equity eroded
Book equity -121.0k NOK → -159.7k NOK (equity ratio -50.6% → -53.9%). Calculated
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COGS moved
COGS / varekostnad 5 487 NOK → 14.9k NOK (+170.9% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -53.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation