FirmaIQ
Org.nr 911 883 562 2015 → 2016 Year-over-year analysis

ADVOKATFIRMA GRANDE, SYVERTSEN & CO AS: årsregnskap 2016 vs 2015

Shrank 14% on revenue, weaker earnings

approved 2017-05-19; registry 2017-06-01; journal 2017 373401

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for ADVOKATFIRMA GRANDE, SYVERTSEN & CO AS. Revenue 3.27m NOK → 2.82m NOK (-13.8%). Net result +2819.89bn NOK → +2 016 NOK. Equity 619.9k NOK → 31.6k NOK.

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

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMA GRANDE, SYVERTSEN & CO AS.

At a glance

Scorecard

Revenue
3.27m NOK 2.82m NOK
-13.8%
Net result
+2819.89bn NOK +2 016 NOK
-100.0%
Equity
619.9k NOK 31.6k NOK
-94.9%
Cash
496.8k NOK 447.8k NOK
-9.9%
Total assets
1.61m NOK 1.67m NOK
+4.0%

What improved

  • ↑

    Payroll decreased

    Salary cost 14.98m NOK → 3.80m NOK (458% → 135% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.27m NOK to 2.82m NOK (-13.8% YoY). Calculated

  • ↓

    Net result weakened

    Net result +2819.89bn NOK → +2 016 NOK (net margin 86184748.7% → 0.1%). Calculated

  • ↓

    Equity eroded

    Book equity 619.9k NOK → 31.6k NOK (equity ratio 38.5% → 1.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 496.8k NOK → 447.8k NOK (-9.9% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 1.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 154.7k NOK → 23.0k NOK (-85.2% YoY). Calculated