A. Vikhagen AS: årsregnskap 2016 vs 2015
Weaker earnings
approved 2017-06-14; registry 2017-06-19; journal 2017 482842
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for A. Vikhagen AS. Revenue 1.68m NOK → 1.68m NOK (+0.4%). Net result +52.0k NOK → +22.0k NOK. Equity 996.0k NOK → 18.0k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A. Vikhagen AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.68m NOK to 1.68m NOK (+0.4% YoY). Calculated
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↑
Cash rose
Bank deposits 741.0k NOK → 812.6k NOK (+9.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +70.3k NOK → +24.7k NOK (op. margin 4.2% → 1.5%). Calculated
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↓
Net result weakened
Net result +52.0k NOK → +22.0k NOK (net margin 3.1% → 1.3%). Calculated
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↓
Equity eroded
Book equity 996.0k NOK → 18.0k NOK (equity ratio 77.1% → 1.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 753.7k NOK → 774.1k NOK (45% → 46% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 432.8k NOK → 511.8k NOK (+18.2% YoY). Calculated