ADVOKATFIRMAET MELAND AS: årsregnskap 2016 vs 2015
Grew 19% on revenue, returned to profit
approved 2017-03-20; registry 2017-05-08; journal 2017 310612
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADVOKATFIRMAET MELAND AS. Revenue 4.32m NOK → 5.15m NOK (+19.3%). Net result -176.2k NOK → +64.3k NOK. Equity 379.6k NOK → 443.9k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVOKATFIRMAET MELAND AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 4.32m NOK to 5.15m NOK (+19.3% YoY). Calculated
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Operating result improved
Operating result -175.6k NOK → +199.4k NOK (op. margin -4.1% → 3.9%). Calculated
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Turned profitable
Net result flipped from a loss of 176.2k NOK to a profit of 64.3k NOK. Calculated
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Equity strengthened
Book equity 379.6k NOK → 443.9k NOK (equity ratio 11.5% → 3.5%). Calculated
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Cash rose
Bank deposits 712.2k NOK → 933.7k NOK (+31.1% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 3.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 2.59m NOK → 2.80m NOK (60% → 54% of revenue). Calculated
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COGS moved
COGS / varekostnad 119.2k NOK → 151.5k NOK (+27.1% YoY). Calculated