Org.nr 992 833 424 2015 → 2016 Year-over-year analysis

ADVOKATFIRMAET HALVORSEN & CO AS: årsregnskap 2016 vs 2015

Fresh owner capital

approved 2017-02-27; registry 2017-03-04; journal 2017 217066

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for ADVOKATFIRMAET HALVORSEN & CO AS. Revenue 26.57m NOK → 25.26m NOK (-4.9%). Equity 3.14m NOK → 2.71m NOK.

On the constructive side: current ratio back above 1×; owners injected capital. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET HALVORSEN & CO AS.

At a glance

Revenue

26.57m NOK 25.26m NOK

-4.9%

Equity

3.14m NOK 2.71m NOK

-13.6%

Cash

1.62m NOK 1.53m NOK

-6.1%

Total assets

16.26m NOK 13.55m NOK

-16.6%

↑
Current ratio back above 1×

Current ratio 0.16× → 1.50×. Calculated
↑
Owners injected capital

Paid-in equity rose 833.3k NOK → 1.80m NOK (+966.7k NOK). Reported fact

↓
Revenue fell

Operating income / revenue moved from 26.57m NOK to 25.26m NOK (-4.9% YoY). Calculated
↓
Equity eroded

Book equity 3.14m NOK → 2.71m NOK (equity ratio 19.3% → 20.0%). Calculated
↓
Cash fell

Bank deposits 1.62m NOK → 1.53m NOK (-6.1% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 17.50m NOK → 18.48m NOK (66% → 73% of revenue). Calculated

·
Book investments changed

Investment / intangible book value 15.0k NOK → 10 NOK. Reported fact