FirmaIQ
Org.nr 911 981 955 2015 → 2016 Year-over-year analysis

ADVOKAT EDEL OLSEN AS: årsregnskap 2016 vs 2015

Shrank 7% on revenue

approved 2017-03-30; registry 2017-04-08; journal 2017 266580

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for ADVOKAT EDEL OLSEN AS. Revenue 1.25m NOK → 1.17m NOK (-7.0%). Net result +4 624 NOK → +3 264 NOK. Equity 70.1k NOK → 73.3k NOK.

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

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVOKAT EDEL OLSEN AS.

At a glance

Scorecard

Revenue
1.25m NOK 1.17m NOK
-7.0%
Operating result
+8 642 NOK +5 846 NOK
-32.4%
Net result
+4 624 NOK +3 264 NOK
-29.4%
Equity
70.1k NOK 73.3k NOK
+4.7%
Cash
544.8k NOK 369.5k NOK
-32.2%
Total assets
754.2k NOK 715.1k NOK
-5.2%

What improved

  • ↑

    Equity strengthened

    Book equity 70.1k NOK → 73.3k NOK (equity ratio 9.3% → 10.3%). Calculated

  • ↑

    Payroll decreased

    Salary cost 983.1k NOK → 935.3k NOK (79% → 80% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.25m NOK to 1.17m NOK (-7.0% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +8 642 NOK → +5 846 NOK (op. margin 0.7% → 0.5%). Calculated

  • ↓

    Net result weakened

    Net result +4 624 NOK → +3 264 NOK (net margin 0.4% → 0.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 544.8k NOK → 369.5k NOK (-32.2% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 38.2k NOK → 2 986 NOK (-92.2% YoY). Calculated