Org.nr 988 416 126 2015 → 2016 Year-over-year analysis

ADVOKATFIRMA RUNE H ERIKSEN AS: årsregnskap 2016 vs 2015

Shrank 49% on revenue

approved 2017-02-09; registry 2017-02-25; journal 2017 212868

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for ADVOKATFIRMA RUNE H ERIKSEN AS. Revenue 3.36m NOK → 1.72m NOK (-49.0%). Equity 342.9k NOK → 494.9k NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; current ratio dropped below 1×.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMA RUNE H ERIKSEN AS.

At a glance

Revenue

3.36m NOK 1.72m NOK

-49.0%

Operating result

+2.03m NOK +403.7k NOK

-80.1%

Equity

342.9k NOK 494.9k NOK

+44.3%

Cash

n/m 369.3k NOK

—

Total assets

2.71m NOK 1.11m NOK

-59.2%

↑
Equity strengthened

Book equity 342.9k NOK → 494.9k NOK (equity ratio 12.6% → 44.7%). Calculated

↓
Revenue fell

Operating income / revenue moved from 3.36m NOK to 1.72m NOK (-49.0% YoY). Calculated
↓
Operating result weakened

Operating result +2.03m NOK → +403.7k NOK (op. margin 60.4% → 23.5%). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.14× → 0.12× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
↓
Payroll up without matching revenue

Salary cost 822.4k NOK → 877.8k NOK (24% → 51% of revenue). Calculated