ADVOKAT SIVERTSVIK AS: årsregnskap 2016 vs 2015
Grew 1191% on revenue, cash halved-plus
approved 2017-04-28; registry 2017-06-14; journal 2017 450171
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADVOKAT SIVERTSVIK AS. Revenue 83.9k NOK → 1.08m NOK (+1191.0%). Equity -211.2k NOK → -283.5k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKAT SIVERTSVIK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 83.9k NOK to 1.08m NOK (+1191.0% YoY). Calculated
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↑
Operating result improved
Operating result -160.7k NOK → -83.8k NOK (op. margin -191.6% → -7.7%). Calculated
What deteriorated
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↓
Equity eroded
Book equity -211.2k NOK → -283.5k NOK (equity ratio -48.3% → -103.4%). Calculated
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↓
Cash fell
Bank deposits 242.7k NOK → 50.5k NOK (-79.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -103.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.04m NOK → 5.86m NOK (1245% → 541% of revenue). Calculated