ADVOKATFIRMAET ANGELSHAUG & CO AS: årsregnskap 2016 vs 2015
Grew 5% on revenue, weaker earnings
approved 2017-03-22; registry 2017-04-08; journal 2017 266476
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADVOKATFIRMAET ANGELSHAUG & CO AS. Revenue 7.28m NOK → 7.66m NOK (+5.3%). Net result +715.2k NOK → +407.8k NOK. Equity 912.4k NOK → 1 120 NOK.
On the constructive side: revenue rose; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMAET ANGELSHAUG & CO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.28m NOK to 7.66m NOK (+5.3% YoY). Calculated
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↑
Cash rose
Bank deposits 165.1k NOK → 636.4k NOK (+285.6% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +715.2k NOK → +407.8k NOK (net margin 9.8% → 5.3%). Calculated
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↓
Equity eroded
Book equity 912.4k NOK → 1 120 NOK (equity ratio 29.1% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 4.03m NOK → 4.49m NOK (55% → 59% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 709.7k NOK → 624.9k NOK (-11.9% YoY). Calculated