ADVISUM AS: årsregnskap 2016 vs 2015
Shrank 6% on revenue, cash halved-plus
approved 2017-06-08; registry 2017-06-20; journal 2017 476123
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADVISUM AS. Revenue 2.63m NOK → 2.48m NOK (-5.8%). Equity 3.48m NOK → 5.00m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVISUM AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 3.48m NOK → 5.00m NOK (equity ratio 49.9% → 38.5%). Calculated
-
↑
Payroll decreased
Salary cost 1.30m NOK → 1.09m NOK (50% → 44% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.63m NOK to 2.48m NOK (-5.8% YoY). Calculated
-
↓
Cash fell
Bank deposits 510.4k NOK → 231.2k NOK (-54.7% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 2.16× → 0.95× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 839.5k NOK → 939.5k NOK. Reported fact