AB SERVICE AS: årsregnskap 2016 vs 2015
Grew 26% on revenue, stronger earnings, cash halved-plus
approved 2017-06-30; registry 2017-08-12; journal 2017 849802
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for AB SERVICE AS. Revenue 5.27m NOK → 6.63m NOK (+25.8%). Net result +564.0k NOK → +713.4k NOK. Equity 2.58m NOK → 3.29m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for AB SERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.27m NOK to 6.63m NOK (+25.8% YoY). Calculated
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↑
Net result improved
Net result +564.0k NOK → +713.4k NOK (net margin 10.7% → 10.8%). Calculated
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↑
Equity strengthened
Book equity 2.58m NOK → 3.29m NOK (equity ratio 28.0% → 33.6%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 425.90m NOK → 390.8k NOK (-99.9% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (425.90m NOK → 390.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 2.24m NOK → 2.38m NOK (43% → 36% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 182.1k NOK → 443.2k NOK (+143.3% YoY). Calculated