FirmaIQ
Org.nr 893 011 242 2015 → 2016 Year-over-year analysis

ADVANTEK ENGINEERING AS: årsregnskap 2016 vs 2015

Shrank 57% on revenue, stronger earnings, cash halved-plus

approved 2017-06-12; registry 2017-06-21; journal 2017 492731

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for ADVANTEK ENGINEERING AS. Revenue 21.12m NOK → 9.18m NOK (-56.5%). Net result +2 843 NOK → +517.1k NOK. Equity 106.7k NOK → 100.3k NOK.

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

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADVANTEK ENGINEERING AS.

At a glance

Scorecard

Revenue
21.12m NOK 9.18m NOK
-56.5%
Operating result
n/m +694.8k NOK
—
Net result
+2 843 NOK +517.1k NOK
+18089.4%
Equity
106.7k NOK 100.3k NOK
-6.0%
Cash
3.22m NOK 1.11m NOK
-65.5%
Total assets
7.38m NOK 3.03m NOK
-58.9%

What improved

  • ↑

    Net result improved

    Net result +2 843 NOK → +517.1k NOK (net margin 0.0% → 5.6%). Calculated

  • ↑

    Payroll decreased

    Salary cost 16.39m NOK → 7.50m NOK (78% → 82% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 21.12m NOK to 9.18m NOK (-56.5% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 106.7k NOK → 100.3k NOK (equity ratio 1.4% → 3.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 3.22m NOK → 1.11m NOK (-65.5% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (3.22m NOK → 1.11m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation