A O GREVSTAD EIENDOM AS: årsregnskap 2016 vs 2015
Slipped into loss
approved 2017-05-24; registry 2017-06-08; journal 2017 403689
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for A O GREVSTAD EIENDOM AS. Revenue 15.14m NOK → 15.40m NOK (+1.7%). Net result +3.70m NOK → -1.97m NOK. Equity 15.61m NOK → 6.60m NOK.
On the constructive side: revenue rose; cash rose. Pressures included: fell into a net loss; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for A O GREVSTAD EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 15.14m NOK to 15.40m NOK (+1.7% YoY). Calculated
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↑
Cash rose
Bank deposits 3.98m NOK → 4.51m NOK (+13.4% YoY). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 3.70m NOK profit to a loss of 1.97m NOK. Calculated
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↓
Equity eroded
Book equity 15.61m NOK → 6.60m NOK (equity ratio 11.7% → 5.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.71× → 0.86× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 2.12m NOK → 1.96m NOK (-7.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 44.65m NOK → 38.31m NOK. Reported fact