AKERSHUS BOLIGBYGG AS: årsregnskap 2016 vs 2015
Shrank 22% on revenue, weaker earnings, cash halved-plus
approved 2017-03-20; registry 2017-03-22; journal 2017 241749
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for AKERSHUS BOLIGBYGG AS. Revenue 1.22m NOK → 945.0k NOK (-22.3%). Net result +782.7k NOK → +88.8k NOK. Equity 598.7k NOK → 283.9k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKERSHUS BOLIGBYGG AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +1 095 NOK → +651.0k NOK (op. margin 0.1% → 68.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.22m NOK to 945.0k NOK (-22.3% YoY). Calculated
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↓
Net result weakened
Net result +782.7k NOK → +88.8k NOK (net margin 64.3% → 9.4%). Calculated
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↓
Equity eroded
Book equity 598.7k NOK → 283.9k NOK (equity ratio 10.2% → 3.3%). Calculated
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↓
Cash fell
Bank deposits 13.1k NOK → 3 280 NOK (-75.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation