FirmaIQ
Org.nr 996 858 626 2015 → 2016 Year-over-year analysis

NOFENCE AS: årsregnskap 2016 vs 2015

Grew 243% on revenue, weaker earnings

approved 2017-06-30; registry 2017-07-26; journal 2017 767569

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for NOFENCE AS. Revenue 101.1k NOK → 346.8k NOK (+242.9%). Net result -386.7k NOK → -536.8k NOK. Equity 3.07m NOK → 2.53m NOK.

On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for NOFENCE AS.

At a glance

Scorecard

Revenue
101.1k NOK 346.8k NOK
+242.9%
Operating result
-478.3k NOK -641.4k NOK
-34.1%
Net result
-386.7k NOK -536.8k NOK
-38.8%
Equity
3.07m NOK 2.53m NOK
-17.5%
Cash
198.5k NOK 470.3k NOK
+137.0%
Total assets
818.3k NOK 5.36m NOK
+555.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 101.1k NOK to 346.8k NOK (+242.9% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 198.5k NOK → 470.3k NOK (+137.0% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.10× → 2.02×. Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -478.3k NOK → -641.4k NOK (op. margin -472.9% → -184.9%). Calculated

  • ↓

    Net result weakened

    Net result -386.7k NOK → -536.8k NOK (net margin -382.3% → -154.8%). Calculated

  • ↓

    Equity eroded

    Book equity 3.07m NOK → 2.53m NOK (equity ratio 375.2% → 47.2%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 126.0k NOK → 192.0k NOK (125% → 55% of revenue). Calculated