AB HAGE & GRAVESERVICE AS: årsregnskap 2016 vs 2015
Shrank 15% on revenue
approved 2017-05-23; registry 2017-06-13; journal 2017 431567
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for AB HAGE & GRAVESERVICE AS. Revenue 4.59m NOK → 3.92m NOK (-14.6%). Net result +165.8k NOK → +182.6k NOK. Equity 5.13m NOK → -49.8k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AB HAGE & GRAVESERVICE AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +165.8k NOK → +182.6k NOK (net margin 3.6% → 4.7%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.59m NOK to 3.92m NOK (-14.6% YoY). Calculated
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↓
Operating result weakened
Operating result +193.9k NOK → +172.3k NOK (op. margin 4.2% → 4.4%). Calculated
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↓
Equity eroded
Book equity 5.13m NOK → -49.8k NOK (equity ratio 430.5% → -6.2%). Calculated
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↓
Cash fell
Bank deposits 425.3k NOK → 370.9k NOK (-12.8% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 2 NOK → 1.39m NOK (0% → 36% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -6.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 680.5k NOK → 616.0k NOK (-9.5% YoY). Calculated