ACCOUNTOR VAT-SERVICE AS: årsregnskap 2016 vs 2015
Grew 13% on revenue, stronger earnings
approved 2017-05-30; registry 2017-06-17; journal 2017 465958
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ACCOUNTOR VAT-SERVICE AS. Revenue 3.01m NOK → 3.40m NOK (+12.9%). Net result +586.4k NOK → +991.4k NOK. Equity 162.7k NOK → 171.6k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ACCOUNTOR VAT-SERVICE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 3.01m NOK to 3.40m NOK (+12.9% YoY). Calculated
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Net result improved
Net result +586.4k NOK → +991.4k NOK (net margin 19.5% → 29.2%). Calculated
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Equity strengthened
Book equity 162.7k NOK → 171.6k NOK (equity ratio 4.6% → 4.3%). Calculated
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Cash rose
Bank deposits 30.8k NOK → 35.5k NOK (+14.9% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.05m NOK → 2.03m NOK (68% → 60% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +819.5k NOK → +275.2k NOK (op. margin 27.2% → 8.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 1 406 NOK → 1.65m NOK. Reported fact