FirmaIQ
Org.nr 912 808 297 2015 → 2016 Year-over-year analysis

ADOLF HORNELAND AS: årsregnskap 2016 vs 2015

Weaker earnings, cash halved-plus

approved 2017-01-24; registry 2017-02-15; journal 2017 208180

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for ADOLF HORNELAND AS. Revenue 646.9k NOK → 660.1k NOK (+2.0%). Net result +2.37m NOK → +367.0k NOK. Equity 6.33m NOK → 6.20m NOK.

On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
646.9k NOK 660.1k NOK
+2.0%
Operating result
+413.7k NOK +364.2k NOK
-12.0%
Net result
+2.37m NOK +367.0k NOK
-84.5%
Equity
6.33m NOK 6.20m NOK
-2.1%
Cash
766.0k NOK 94.2k NOK
-87.7%
Total assets
7.43m NOK 7.74m NOK
+4.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 646.9k NOK to 660.1k NOK (+2.0% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 662.6k NOK → 619.7k NOK (102% → 94% of revenue). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +413.7k NOK → +364.2k NOK (op. margin 64.0% → 55.2%). Calculated

  • ↓

    Net result weakened

    Net result +2.37m NOK → +367.0k NOK (net margin 366.3% → 55.6%). Calculated

  • ↓

    Equity eroded

    Book equity 6.33m NOK → 6.20m NOK (equity ratio 85.2% → 80.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 766.0k NOK → 94.2k NOK (-87.7% YoY). Calculated