AIR-PRODUCT NORGE AS: årsregnskap 2016 vs 2015
Stronger earnings, cash halved-plus
approved 2017-06-22; registry 2017-07-17; journal 2017 697008
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for AIR-PRODUCT NORGE AS. Revenue 14.28m NOK → 14.39m NOK (+0.7%). Net result +551.7k NOK → +823.1k NOK. Equity 2.05m NOK → 2.17m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for AIR-PRODUCT NORGE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 14.28m NOK to 14.39m NOK (+0.7% YoY). Calculated
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↑
Net result improved
Net result +551.7k NOK → +823.1k NOK (net margin 3.9% → 5.7%). Calculated
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↑
Equity strengthened
Book equity 2.05m NOK → 2.17m NOK (equity ratio 38.9% → 44.5%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +858.1k NOK → +1 102 NOK (op. margin 6.0% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 498.5k NOK → 26.5k NOK (-94.7% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 4.18m NOK → 4.41m NOK (29% → 31% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 8.05m NOK → 7.54m NOK (-6.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 150.0k NOK → 10.1k NOK. Reported fact