ADVOKAT KARIANNE GRINDSTAD AS: årsregnskap 2016 vs 2015
Grew 581% on revenue, slipped into loss
approved 2017-01-26; registry 2017-02-06; journal 2017 205547
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADVOKAT KARIANNE GRINDSTAD AS. Revenue 69.9k NOK → 475.8k NOK (+580.7%). Net result +20.0k NOK → -30.9k NOK. Equity 44.4k NOK → 13.5k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKAT KARIANNE GRINDSTAD AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 69.9k NOK to 475.8k NOK (+580.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +25.8k NOK → -36.6k NOK (op. margin 36.9% → -7.7%). Calculated
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↓
Fell into a net loss
Net result flipped from 20.0k NOK profit to a loss of 30.9k NOK. Calculated
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↓
Equity eroded
Book equity 44.4k NOK → 13.5k NOK (equity ratio 27.9% → 7.9%). Calculated
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↓
Cash fell
Bank deposits 85.5k NOK → 52.0k NOK (-39.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation