4 HEALTH INNOVATION NORGE AS: årsregnskap 2016 vs 2015
Shrank 68% on revenue, cash halved-plus
approved 2017-05-31; registry 2017-07-12; journal 2017 685674
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 4 HEALTH INNOVATION NORGE AS. Revenue 53.8k NOK → 17.3k NOK (-67.9%). Equity -271.0k NOK → -260.1k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 4 HEALTH INNOVATION NORGE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -271.0k NOK → -260.1k NOK (equity ratio -3585.3% → -112582.3%). Calculated
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↑
Payroll decreased
Salary cost 18.7k NOK → 6 272 NOK (35% → 36% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 53.8k NOK to 17.3k NOK (-67.9% YoY). Calculated
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↓
Cash fell
Bank deposits 3 462 NOK → 231 NOK (-93.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -112582.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation