ADVIK AS: årsregnskap 2016 vs 2015
Grew 171% on revenue, stronger earnings
approved 2017-05-25; registry 2017-08-02; journal 2017 813270
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADVIK AS. Revenue 1.34m NOK → 3.64m NOK (+171.3%). Net result -54.7k NOK → -23.6k NOK. Equity -30.4k NOK → -54.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVIK AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.34m NOK to 3.64m NOK (+171.3% YoY). Calculated
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Operating result improved
Operating result -66.8k NOK → +37.6k NOK (op. margin -5.0% → 1.0%). Calculated
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Net result improved
Net result -54.7k NOK → -23.6k NOK (net margin -4.1% → -0.6%). Calculated
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Cash rose
Bank deposits 106.9k NOK → 201.6k NOK (+88.6% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.60× → 1.66×. Calculated
What deteriorated
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↓
Equity eroded
Book equity -30.4k NOK → -54.0k NOK (equity ratio -5.9% → -6.9%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -6.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1 884 NOK → 1.70m NOK (0% → 47% of revenue). Calculated
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COGS fell
COGS / varekostnad 301.3k NOK → 224.3k NOK (-25.5% YoY). Calculated