Org.nr 991 711 392 2015 → 2016 Year-over-year analysis

4SUBSEA AS: årsregnskap 2016 vs 2015

Shrank 24% on revenue, fresh owner capital

approved 2017-06-09; registry 2017-07-11; journal 2017 655083

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for 4SUBSEA AS. Revenue 129.00m NOK → 97.46m NOK (-24.4%). Equity 36.54m NOK → 33.04m NOK.

On the constructive side: cash rose; owners injected capital. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 4SUBSEA AS.

At a glance

Revenue

129.00m NOK 97.46m NOK

-24.4%

Equity

36.54m NOK 33.04m NOK

-9.6%

Cash

17.84m NOK 19.82m NOK

+11.1%

Total assets

71.58m NOK 65.84m NOK

-8.0%

↑
Cash rose

Bank deposits 17.84m NOK → 19.82m NOK (+11.1% YoY). Calculated
↑
Owners injected capital

Paid-in equity rose 3 774 NOK → 3.96m NOK (+3.95m NOK). Reported fact

↓
Revenue fell

Operating income / revenue moved from 129.00m NOK to 97.46m NOK (-24.4% YoY). Calculated
↓
Equity eroded

Book equity 36.54m NOK → 33.04m NOK (equity ratio 51.1% → 50.2%). Calculated
↓
Payroll up without matching revenue

Salary cost 6 NOK → 51.08m NOK (0% → 52% of revenue). Calculated

·
COGS fell

COGS / varekostnad 37.71m NOK → 26.13m NOK (-30.7% YoY). Calculated