ADVOKAT VIDAR SINDING AS: årsregnskap 2016 vs 2015
Shrank 8% on revenue, returned to profit
approved 2017-03-27; registry 2017-04-20; journal 2017 283327
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADVOKAT VIDAR SINDING AS. Revenue 2.22m NOK → 2.04m NOK (-8.2%). Net result -139.9k NOK → +247.2k NOK. Equity 555.5k NOK → 367.7k NOK.
On the constructive side: operating result improved; turned profitable; cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVOKAT VIDAR SINDING AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -121.8k NOK → +300.5k NOK (op. margin -5.5% → 14.7%). Calculated
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Turned profitable
Net result flipped from a loss of 139.9k NOK to a profit of 247.2k NOK. Calculated
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Cash rose
Bank deposits 91.0k NOK → 104.5k NOK (+14.8% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 2.22m NOK to 2.04m NOK (-8.2% YoY). Calculated
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↓
Equity eroded
Book equity 555.5k NOK → 367.7k NOK (equity ratio 3490.3% → 51.6%). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.28m NOK → 1.73m NOK (57% → 85% of revenue). Calculated
Things to notice
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COGS fell
COGS / varekostnad 81.5k NOK → 20.7k NOK (-74.6% YoY). Calculated