ADVOKAT MORTEN ENGESBAK AS: årsregnskap 2016 vs 2015
Shrank 19% on revenue, slipped into loss
approved 2017-05-02; registry 2017-07-19; journal 2017 723054
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADVOKAT MORTEN ENGESBAK AS. Revenue 2.45m NOK → 1.99m NOK (-18.8%). Net result +99.6k NOK → -508.1k NOK. Equity -379.1k NOK → -887.2k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKAT MORTEN ENGESBAK AS.
At a glance
Scorecard
What improved
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Cash rose
Bank deposits 6 251 NOK → 41.7k NOK (+566.3% YoY). Calculated
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Payroll decreased
Salary cost 2.83m NOK → 1.56m NOK (115% → 78% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.45m NOK to 1.99m NOK (-18.8% YoY). Calculated
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Operating result weakened
Operating result +153.8k NOK → -462.0k NOK (op. margin 6.3% → -23.2%). Calculated
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Fell into a net loss
Net result flipped from 99.6k NOK profit to a loss of 508.1k NOK. Calculated
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Equity eroded
Book equity -379.1k NOK → -887.2k NOK (equity ratio -58.4% → -173.5%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -173.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation