AKADEMIET FREDRIKSTAD AS: årsregnskap 2016 vs 2015
Shrank 5% on revenue, stronger earnings
approved 2017-05-26; registry 2017-06-13; journal 2017 431099
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for AKADEMIET FREDRIKSTAD AS. Revenue 11.82m NOK → 11.23m NOK (-5.1%). Net result 0 NOK → +345.8k NOK. Equity 74.4k NOK → -271.4k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKADEMIET FREDRIKSTAD AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +2 016 NOK → +325.1k NOK (op. margin 0.0% → 2.9%). Calculated
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Net result improved
Net result 0 NOK → +345.8k NOK (net margin 0.0% → 3.1%). Calculated
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Payroll decreased
Salary cost 7.35m NOK → 3 NOK (62% → 0% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 11.82m NOK to 11.23m NOK (-5.1% YoY). Calculated
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Equity eroded
Book equity 74.4k NOK → -271.4k NOK (equity ratio 16.9% → -19.8%). Calculated
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Cash fell
Bank deposits 551.8k NOK → 464.5k NOK (-15.8% YoY). Calculated
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COGS moved
COGS / varekostnad 825 NOK → 12.8k NOK (+1449.1% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -19.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation