AGLEN SETTEFISK AS: årsregnskap 2016 vs 2015
Shrank 44% on revenue, stronger earnings
approved 2017-06-13; registry 2017-07-12; journal 2017 670591
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for AGLEN SETTEFISK AS. Revenue 13.05m NOK → 7.30m NOK (-44.1%). Net result +42.2k NOK → +552.3k NOK. Equity 1.34m NOK → 1.39m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for AGLEN SETTEFISK AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +45.1k NOK → +715.6k NOK (op. margin 0.3% → 9.8%). Calculated
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Net result improved
Net result +42.2k NOK → +552.3k NOK (net margin 0.3% → 7.6%). Calculated
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Equity strengthened
Book equity 1.34m NOK → 1.39m NOK (equity ratio 9.6% → 6.9%). Calculated
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Cash rose
Bank deposits 117.8k NOK → 306.8k NOK (+160.4% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 13.05m NOK to 7.30m NOK (-44.1% YoY). Calculated
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Payroll up without matching revenue
Salary cost 2.28m NOK → 2.61m NOK (17% → 36% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 6.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 10.85m NOK → 1.25m NOK (-88.5% YoY). Calculated
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Book investments changed
Investment / intangible book value 10.90m NOK → 17.98m NOK. Reported fact