Org.nr 989 528 157 2015 → 2016 Year-over-year analysis

7 STEEL NORDIC GROUP AS: årsregnskap 2016 vs 2015

Mixed movements in the accounts

approved 2017-04-21; registry 2017-06-20; journal 2017 465698

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for 7 STEEL NORDIC GROUP AS. Revenue 4.53m NOK → 4.42m NOK (-2.4%). Equity 47.64m NOK → 43.99m NOK.

On the constructive side: operating result improved; cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 7 STEEL NORDIC GROUP AS.

At a glance

Revenue

4.53m NOK 4.42m NOK

-2.4%

Operating result

+9.09m NOK +19.96m NOK

+119.5%

Equity

47.64m NOK 43.99m NOK

-7.7%

Cash

63.0k NOK 117.0k NOK

+85.7%

Total assets

133.5k NOK 127.24m NOK

+95237.3%

↑
Operating result improved

Operating result +9.09m NOK → +19.96m NOK (op. margin 200.6% → 451.3%). Calculated
↑
Cash rose

Bank deposits 63.0k NOK → 117.0k NOK (+85.7% YoY). Calculated

↓
Revenue fell

Operating income / revenue moved from 4.53m NOK to 4.42m NOK (-2.4% YoY). Calculated
↓
Equity eroded

Book equity 47.64m NOK → 43.99m NOK (equity ratio 35698.0% → 34.6%). Calculated
↓
Payroll up without matching revenue

Salary cost 258 NOK → 256.0k NOK (0% → 6% of revenue). Calculated

·
COGS fell

COGS / varekostnad 5.13m NOK → 5.12m NOK (-0.1% YoY). Calculated
·
Book investments changed

Investment / intangible book value 107.72m NOK → 112.7k NOK. Reported fact