Org.nr 912 785 386 2015 → 2016 Year-over-year analysis

ADVOKATFIRMA WANG & HOLM-OLSEN AS: årsregnskap 2016 vs 2015

Shrank 13% on revenue, cash halved-plus

approved 2017-04-18; registry 2017-04-22; journal 2017 284017

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for ADVOKATFIRMA WANG & HOLM-OLSEN AS. Revenue 5.02m NOK → 4.38m NOK (-12.6%). Equity 105.2k NOK → 111.6k NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.

Net tougher year on the published lines.

At a glance

Revenue

5.02m NOK 4.38m NOK

-12.6%

Net result

+726.4k NOK n/m

—

Equity

105.2k NOK 111.6k NOK

+6.1%

Cash

650.7k NOK 249.9k NOK

-61.6%

Total assets

2.35m NOK 2.20m NOK

-6.4%

↑
Equity strengthened

Book equity 105.2k NOK → 111.6k NOK (equity ratio 4.5% → 5.1%). Calculated

↓
Revenue fell

Operating income / revenue moved from 5.02m NOK to 4.38m NOK (-12.6% YoY). Calculated
↓
Cash fell

Bank deposits 650.7k NOK → 249.9k NOK (-61.6% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 2.31m NOK → 2.82m NOK (46% → 64% of revenue). Calculated
↓
COGS moved

COGS / varekostnad 410.0k NOK → 490.3k NOK (+19.6% YoY). Calculated