FirmaIQ
Org.nr 995 435 462 2015 → 2016 Year-over-year analysis

AIR BP NORWAY AS: årsregnskap 2016 vs 2015

Shrank 53% on revenue, cash halved-plus

approved 2017-05-29; registry 2017-07-24; journal 2017 758472

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for AIR BP NORWAY AS. Revenue 609.35m NOK → 284.46m NOK (-53.3%). Equity 26.97m NOK → 28.33m NOK.

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

Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for AIR BP NORWAY AS.

At a glance

Scorecard

Revenue
609.35m NOK 284.46m NOK
-53.3%
Equity
26.97m NOK 28.33m NOK
+5.0%
Cash
39.16m NOK 2.16m NOK
-94.5%
Total assets
130.83m NOK 78.39m NOK
-40.1%

What improved

  • ↑

    Equity strengthened

    Book equity 26.97m NOK → 28.33m NOK (equity ratio 20.6% → 36.1%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 609.35m NOK to 284.46m NOK (-53.3% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 39.16m NOK → 2.16m NOK (-94.5% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 6.07m NOK → 6.29m NOK (1% → 2% of revenue). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (39.16m NOK → 2.16m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 14.56m NOK → 14.26m NOK (-2.0% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 309.0k NOK → 14.51m NOK. Reported fact