A. ØRSTAVIK AS: årsregnskap 2016 vs 2015
Grew 129% on revenue, slipped into loss
approved 2017-06-30; registry 2017-07-24; journal 2017 757022
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for A. ØRSTAVIK AS. Revenue 425.4k NOK → 975.6k NOK (+129.3%). Net result +130.2k NOK → -251.0k NOK. Equity 294.9k NOK → 44.0k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for A. ØRSTAVIK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 425.4k NOK to 975.6k NOK (+129.3% YoY). Calculated
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↑
Cash rose
Bank deposits 63.1k NOK → 64.9k NOK (+2.8% YoY). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 130.2k NOK profit to a loss of 251.0k NOK. Calculated
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↓
Equity eroded
Book equity 294.9k NOK → 44.0k NOK (equity ratio 383040.3% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 400.2k NOK → 1.09m NOK (+173.1% YoY). Calculated