Org.nr 989 228 226 2015 → 2016 Year-over-year analysis

ADVOKAT TORE SVEEN AS: årsregnskap 2016 vs 2015

Grew 6863% on revenue

approved 2017-06-30; registry 2017-07-18; journal 2017 711052

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2016 with 2015 for ADVOKAT TORE SVEEN AS. Revenue 3 250 NOK → 226.3k NOK (+6863.1%). Net result +417.8k NOK → +388.1k NOK. Equity 2.01m NOK → 1.54m NOK.

On the constructive side: revenue rose; cash rose; payroll decreased. Pressures included: net result weakened; equity eroded.

Also worth watching: paid-in equity reduced; cogs moved; book investments changed. All figures are taken from the published annual accounts for ADVOKAT TORE SVEEN AS.

Scorecard

Revenue
3 250 NOK 226.3k NOK
+6863.1%
Operating result
-340.6k NOK n/m
—
Net result
+417.8k NOK +388.1k NOK
-7.1%
Equity
2.01m NOK 1.54m NOK
-23.3%
Cash
152.0k NOK 191.4k NOK
+25.9%
Total assets
6.28m NOK 5.27m NOK
-16.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 3 250 NOK to 226.3k NOK (+6863.1% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 152.0k NOK → 191.4k NOK (+25.9% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 1.11m NOK → 31.7k NOK (34259% → 14% of revenue). Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +417.8k NOK → +388.1k NOK (net margin 12856.7% → 171.5%). Calculated

  • ↓

    Equity eroded

    Book equity 2.01m NOK → 1.54m NOK (equity ratio 32.0% → 29.2%). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 1.56m NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    COGS moved

    COGS / varekostnad 135 NOK → 10.0k NOK (+7307.4% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 77.3k NOK → 19.8k NOK. Reported fact