ADVOKAT TROND BITI AS: årsregnskap 2016 vs 2015
Grew 78% on revenue, slipped into loss, cash halved-plus
approved 2017-04-28; registry 2017-05-09; journal 2017 312500
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADVOKAT TROND BITI AS. Revenue 1.37m NOK → 2.43m NOK (+78.0%). Net result +104.6k NOK → -31.7k NOK. Equity 134.6k NOK → 102.9k NOK.
On the constructive side: revenue rose; current ratio back above 1×. 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 TROND BITI AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.37m NOK to 2.43m NOK (+78.0% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.44× → 1.00×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +139.6k NOK → -43.5k NOK (op. margin 10.2% → -1.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 104.6k NOK profit to a loss of 31.7k NOK. Calculated
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↓
Equity eroded
Book equity 134.6k NOK → 102.9k NOK (equity ratio 12.8% → 8.9%). Calculated
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↓
Cash fell
Bank deposits 303.7k NOK → 22.3k NOK (-92.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation