A/S Vivat: årsregnskap 2016 vs 2015
Shrank 96% on revenue, slipped into loss, cash halved-plus
approved 2017-08-11; registry 2017-08-19; journal 2017 870707
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for A/S Vivat. Revenue 6.15m NOK → 240.0k NOK (-96.1%). Net result +493.8k NOK → -12.9k NOK. Equity 11.65m NOK → 10 NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for A/S Vivat.
At a glance
Scorecard
What improved
-
↑
Current ratio back above 1×
Current ratio 0.07× → 2.10×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 6.15m NOK to 240.0k NOK (-96.1% YoY). Calculated
-
↓
Operating result weakened
Operating result -130.4k NOK → -298.2k NOK (op. margin -2.1% → -124.2%). Calculated
-
↓
Fell into a net loss
Net result flipped from 493.8k NOK profit to a loss of 12.9k NOK. Calculated
-
↓
Equity eroded
Book equity 11.65m NOK → 10 NOK (equity ratio 22.1% → 0.0%). Calculated
-
↓
Cash fell
Bank deposits 1.31m NOK → 96.0k NOK (-92.7% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.31m NOK → 96.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Book investments changed
Investment / intangible book value 49.26m NOK → 5.63m NOK. Reported fact