ADVOKAT 1 AS: årsregnskap 2016 vs 2015
Another loss-making year
approved 2017-05-16; registry 2017-05-31; journal 2017 369837
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADVOKAT 1 AS. Revenue 1.60m NOK → 1.60m NOK (-0.2%). Net result -2 573 NOK → -8 466 NOK. Equity 37.4k NOK → 29.0k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKAT 1 AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.60m NOK to 1.60m NOK (-0.2% YoY). Calculated
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↓
Operating result weakened
Operating result -2 859 NOK → -8 930 NOK (op. margin -0.2% → -0.6%). Calculated
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↓
Net result weakened
Net result -2 573 NOK → -8 466 NOK (net margin -0.2% → -0.5%). Calculated
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↓
Equity eroded
Book equity 37.4k NOK → 29.0k NOK (equity ratio 12.1% → 7.5%). Calculated
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↓
Cash fell
Bank deposits 184.3k NOK → 135.7k NOK (-26.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation