Org.nr 990 821 097 2015 → 2016 Year-over-year analysis

62 NORD AS: årsregnskap 2016 vs 2015

Shrank 6% on revenue

approved 2017-06-16; registry 2017-07-03; journal 2017 579829

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for 62 NORD AS. Revenue 23.84m NOK → 22.35m NOK (-6.3%). Equity 19.89m NOK → 19.23m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 62 NORD AS.

At a glance

Revenue

23.84m NOK 22.35m NOK

-6.3%

Equity

19.89m NOK 19.23m NOK

-3.3%

Cash

457.2k NOK 417.9k NOK

-8.6%

Total assets

44.70m NOK 29.71m NOK

-33.5%

↑
Payroll decreased

Salary cost 10.19m NOK → 8.56m NOK (43% → 38% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 23.84m NOK to 22.35m NOK (-6.3% YoY). Calculated
↓
Equity eroded

Book equity 19.89m NOK → 19.23m NOK (equity ratio 44.5% → 64.7%). Calculated
↓
Cash fell

Bank deposits 457.2k NOK → 417.9k NOK (-8.6% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.17× → 0.55× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated