FirmaIQ
Org.nr 999 277 853 2015 → 2016 Year-over-year analysis

ADVOKATFIRMA ENGENES AS: årsregnskap 2016 vs 2015

Grew 17% on revenue, stronger earnings

approved 2017-03-10; registry 2017-03-22; journal 2017 239341

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for ADVOKATFIRMA ENGENES AS. Revenue 5.39m NOK → 6.29m NOK (+16.8%). Net result +1.61m NOK → +1.96m NOK. Equity 238.7k NOK → 203.6k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVOKATFIRMA ENGENES AS.

At a glance

Scorecard

Revenue
5.39m NOK 6.29m NOK
+16.8%
Operating result
+2.19m NOK +2.62m NOK
+19.4%
Net result
+1.61m NOK +1.96m NOK
+22.4%
Equity
238.7k NOK 203.6k NOK
-14.7%
Cash
n/m 1.66m NOK
—
Total assets
3.13m NOK 3.58m NOK
+14.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 5.39m NOK to 6.29m NOK (+16.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +2.19m NOK → +2.62m NOK (op. margin 40.7% → 41.6%). Calculated

  • ↑

    Net result improved

    Net result +1.61m NOK → +1.96m NOK (net margin 29.8% → 31.2%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 238.7k NOK → 203.6k NOK (equity ratio 7.6% → 5.7%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 5.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 1.80m NOK → 2.06m NOK (33% → 33% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 246.4k NOK → 514.1k NOK (+108.7% YoY). Calculated