FirmaIQ
Org.nr 853 040 592 2015 → 2016 Year-over-year analysis

AIRCOIL AS: årsregnskap 2016 vs 2015

Weaker earnings

approved 2017-04-17; registry 2017-05-10; journal 2017 313380

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for AIRCOIL AS. Revenue 29.13m NOK → 27.85m NOK (-4.4%). Net result +664.1k NOK → +88.3k NOK. Equity 4.14m NOK → 3.83m NOK.

On the constructive side: cash rose. Pressures included: revenue fell; net result weakened; equity eroded.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIRCOIL AS.

At a glance

Scorecard

Revenue
29.13m NOK 27.85m NOK
-4.4%
Operating result
n/m +1.49m NOK
—
Net result
+664.1k NOK +88.3k NOK
-86.7%
Equity
4.14m NOK 3.83m NOK
-7.5%
Cash
743.8k NOK 3.26m NOK
+338.2%
Total assets
6.80m NOK 7.82m NOK
+15.0%

What improved

  • ↑

    Cash rose

    Bank deposits 743.8k NOK → 3.26m NOK (+338.2% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 29.13m NOK to 27.85m NOK (-4.4% YoY). Calculated

  • ↓

    Net result weakened

    Net result +664.1k NOK → +88.3k NOK (net margin 2.3% → 0.3%). Calculated

  • ↓

    Equity eroded

    Book equity 4.14m NOK → 3.83m NOK (equity ratio 60.9% → 49.0%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 3.99m NOK → 4.26m NOK (14% → 15% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 22.78m NOK → 20.52m NOK (-9.9% YoY). Calculated