FirmaIQ
Org.nr 946 995 517 2015 → 2016 Year-over-year analysis

A/S Even Cudrio: årsregnskap 2016 vs 2015

Shrank 24% on revenue, weaker earnings, cash halved-plus

approved 2017-07-07; registry 2017-08-22; journal 2017 874907

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for A/S Even Cudrio. Revenue 24.75m NOK → 18.77m NOK (-24.1%). Net result +789.3k NOK → +249.9k NOK. Equity 5.09m NOK → 4.93m NOK.

On the constructive side: current ratio back above 1×. Pressures included: revenue fell; net result weakened; equity eroded.

Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for A/S Even Cudrio.

At a glance

Scorecard

Revenue
24.75m NOK 18.77m NOK
-24.1%
Net result
+789.3k NOK +249.9k NOK
-68.3%
Equity
5.09m NOK 4.93m NOK
-3.2%
Cash
1.85m NOK 319.3k NOK
-82.7%
Total assets
12.21m NOK 11.02m NOK
-9.8%

What improved

  • ↑

    Current ratio back above 1×

    Current ratio 0.35× → 2.19×. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 24.75m NOK to 18.77m NOK (-24.1% YoY). Calculated

  • ↓

    Net result weakened

    Net result +789.3k NOK → +249.9k NOK (net margin 3.2% → 1.3%). Calculated

  • ↓

    Equity eroded

    Book equity 5.09m NOK → 4.93m NOK (equity ratio 41.7% → 44.7%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.85m NOK → 319.3k NOK (-82.7% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (1.85m NOK → 319.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 11.14m NOK → 6.06m NOK (-45.6% YoY). Calculated