ADVOKATFIRMA MÆLAND & CO AS: årsregnskap 2016 vs 2015
Stronger earnings
approved 2017-04-07; registry 2017-07-15; journal 2017 685020
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADVOKATFIRMA MÆLAND & CO AS. Revenue 5.75m NOK → 5.55m NOK (-3.6%). Net result +497.8k NOK → +751.5k NOK. Equity 797.1k NOK → 548.6k NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMA MÆLAND & CO AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +497.8k NOK → +751.5k NOK (net margin 8.7% → 13.5%). Calculated
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Payroll decreased
Salary cost 3.74m NOK → 2.86m NOK (65% → 52% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.75m NOK to 5.55m NOK (-3.6% YoY). Calculated
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↓
Operating result weakened
Operating result +958.68m NOK → +1 011 NOK (op. margin 16670.7% → 0.0%). Calculated
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↓
Equity eroded
Book equity 797.1k NOK → 548.6k NOK (equity ratio 17.9% → 9.3%). Calculated
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↓
COGS moved
COGS / varekostnad 159.3k NOK → 176.1k NOK (+10.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 9.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation