A C SMITH & CO AS: årsregnskap 2016 vs 2015
Shrank 61% on revenue, weaker earnings, cash halved-plus
approved 2017-06-26; registry 2017-07-08; journal 2017 633808
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for A C SMITH & CO AS. Revenue 73.83m NOK → 28.84m NOK (-60.9%). Net result +5.58m NOK → +295.1k NOK. Equity 10.06m NOK → 10.36m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for A C SMITH & CO AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 10.06m NOK → 10.36m NOK (equity ratio 24.3% → 77.2%). Calculated
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↑
Payroll decreased
Salary cost 17.77m NOK → 12.05m NOK (24% → 42% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 73.83m NOK to 28.84m NOK (-60.9% YoY). Calculated
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↓
Net result weakened
Net result +5.58m NOK → +295.1k NOK (net margin 7.6% → 1.0%). Calculated
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↓
Cash fell
Bank deposits 26.74m NOK → 9.21m NOK (-65.6% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (26.74m NOK → 9.21m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 43.76m NOK → 13.21m NOK (-69.8% YoY). Calculated