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Org.nr 933 541 835 2015 → 2016 Year-over-year analysis

AJ PRODUKTER AS: årsregnskap 2016 vs 2015

Grew 9% on revenue, stronger earnings, cash halved-plus

approved 2017-02-10; registry 2017-06-24; journal 2017 515416

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for AJ PRODUKTER AS. Revenue 191.67m NOK → 208.43m NOK (+8.7%). Net result +664.7k NOK → +1.61m NOK. Equity 6.38m NOK → 8.00m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.

Also worth watching: sharp cash drawdown; cogs moved. All figures are taken from the published annual accounts for AJ PRODUKTER AS.

At a glance

Scorecard

Revenue
191.67m NOK 208.43m NOK
+8.7%
Operating result
+1.04m NOK +2.27m NOK
+119.6%
Net result
+664.7k NOK +1.61m NOK
+142.7%
Equity
6.38m NOK 8.00m NOK
+25.3%
Cash
12.46m NOK 4.94m NOK
-60.3%
Total assets
44.87m NOK 58.37m NOK
+30.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 191.67m NOK to 208.43m NOK (+8.7% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1.04m NOK → +2.27m NOK (op. margin 0.5% → 1.1%). Calculated

  • ↑

    Net result improved

    Net result +664.7k NOK → +1.61m NOK (net margin 0.3% → 0.8%). Calculated

  • ↑

    Equity strengthened

    Book equity 6.38m NOK → 8.00m NOK (equity ratio 14.2% → 13.7%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.89× → 1.21×. Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 12.46m NOK → 4.94m NOK (-60.3% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (12.46m NOK → 4.94m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    COGS moved

    COGS / varekostnad 8.17bn NOK → 8.19bn NOK (+0.2% YoY). Calculated