AD PROSJEKT BYGG AS: årsregnskap 2016 vs 2015
Grew 108% on revenue, stronger earnings, cash halved-plus
approved 2017-06-07; registry 2017-07-17; journal 2017 701862
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for AD PROSJEKT BYGG AS. Revenue 12.08m NOK → 25.14m NOK (+108.1%). Net result +740.9k NOK → +987.1k NOK. Equity 1 135 NOK → 2.12m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; cogs moved. All figures are taken from the published annual accounts for AD PROSJEKT BYGG AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 12.08m NOK to 25.14m NOK (+108.1% YoY). Calculated
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Net result improved
Net result +740.9k NOK → +987.1k NOK (net margin 6.1% → 3.9%). Calculated
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↑
Equity strengthened
Book equity 1 135 NOK → 2.12m NOK (equity ratio 0.0% → 28.3%). Calculated
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Payroll decreased
Salary cost 8.32m NOK → 1.67m NOK (69% → 7% of revenue). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 4.69m NOK → 503.0k NOK (-89.3% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (4.69m NOK → 503.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS moved
COGS / varekostnad 8.72m NOK → 21.35m NOK (+144.8% YoY). Calculated