Org.nr 958 901 925 2015 → 2016 Year-over-year analysis

A. HØVIK EIENDOM AS: årsregnskap 2016 vs 2015

Grew 840% on revenue, cash halved-plus

approved 2017-06-14; registry 2017-07-08; journal 2017 626842

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for A. HØVIK EIENDOM AS. Revenue 894.7k NOK → 8.41m NOK (+840.3%). Equity 10.56m NOK → 9.32m NOK.

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

Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for A. HØVIK EIENDOM AS.

At a glance

Revenue

894.7k NOK 8.41m NOK

+840.3%

Operating result

n/m +149.7k NOK

—

Equity

10.56m NOK 9.32m NOK

-11.8%

Cash

4.57m NOK 237.6k NOK

-94.8%

Total assets

66.37m NOK 59.66m NOK

-10.1%

↑
Revenue rose

Operating income / revenue moved from 894.7k NOK to 8.41m NOK (+840.3% YoY). Calculated
↑
Payroll decreased

Salary cost 2.13m NOK → 2.04m NOK (238% → 24% of revenue). Calculated

↓
Equity eroded

Book equity 10.56m NOK → 9.32m NOK (equity ratio 15.9% → 15.6%). Calculated
↓
Cash fell

Bank deposits 4.57m NOK → 237.6k NOK (-94.8% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (4.57m NOK → 237.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
COGS fell

COGS / varekostnad 85.5k NOK → 4 450 NOK (-94.8% YoY). Calculated