A NEW TYPE OF INVESTMENT AS: årsregnskap 2016 vs 2015
Shrank 6% on revenue, stronger earnings, fresh owner capital
approved 2017-06-30; registry 2017-08-02; journal 2017 799404
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for A NEW TYPE OF INVESTMENT AS. Revenue 4.13m NOK → 3.87m NOK (-6.2%). Net result +592.3k NOK → +3.13m NOK. Equity 806.2k NOK → 708.5k NOK.
On the constructive side: net result improved; cash rose; current ratio back above 1×. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A NEW TYPE OF INVESTMENT AS.
At a glance
Scorecard
What improved
-
↑
Net result improved
Net result +592.3k NOK → +3.13m NOK (net margin 14.4% → 80.9%). Calculated
-
↑
Cash rose
Bank deposits 462.9k NOK → 803.9k NOK (+73.7% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.82× → 2.79×. Calculated
-
↑
Owners injected capital
Paid-in equity rose 50.0k NOK → 69.4k NOK (+19.4k NOK). Reported fact
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 4.13m NOK to 3.87m NOK (-6.2% YoY). Calculated
-
↓
Equity eroded
Book equity 806.2k NOK → 708.5k NOK (equity ratio 24.4% → 7.7%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 3.29m NOK → 3.73m NOK (80% → 96% of revenue). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 7.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 1.26m NOK → 1.32m NOK. Reported fact