Org.nr 970 985 832 2015 → 2016 Year-over-year analysis

AB LIFTUTLEIE AS: årsregnskap 2016 vs 2015

Cash halved-plus

approved 2017-06-20; registry 2017-07-31; journal 2017 786024

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for AB LIFTUTLEIE AS. Revenue 4.87m NOK → 4.72m NOK (-3.1%). Equity 2.16m NOK → 1.79m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AB LIFTUTLEIE AS.

At a glance

Revenue

4.87m NOK 4.72m NOK

-3.1%

Equity

2.16m NOK 1.79m NOK

-17.2%

Cash

664.9k NOK 308.7k NOK

-53.6%

Total assets

4.97m NOK 4.50m NOK

-9.5%

↑
Payroll decreased

Salary cost 1.89m NOK → 1.88m NOK (39% → 40% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 4.87m NOK to 4.72m NOK (-3.1% YoY). Calculated
↓
Equity eroded

Book equity 2.16m NOK → 1.79m NOK (equity ratio 43.4% → 39.8%). Calculated
↓
Cash fell

Bank deposits 664.9k NOK → 308.7k NOK (-53.6% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.12× → 0.97× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
COGS fell

COGS / varekostnad 917.2k NOK → 152.6k NOK (-83.4% YoY). Calculated