AKASTOR ASA: årsregnskap 2017 vs 2016
Grew 80% on revenue, cash halved-plus
approved 2018-03-09; registry 2018-07-04; journal 2018 603826
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AKASTOR ASA. Revenue 15.00m NOK → 27.00m NOK (+80.0%). Net result +790.00m NOK → +664.00m NOK. Equity 4.03bn NOK → 4.69bn NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs fell. All figures are taken from the published annual accounts for AKASTOR ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 15.00m NOK to 27.00m NOK (+80.0% YoY). Calculated
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↑
Operating result improved
Operating result -49.00m NOK → -20.00m NOK (op. margin -326.7% → -74.1%). Calculated
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↑
Equity strengthened
Book equity 4.03bn NOK → 4.69bn NOK (equity ratio 39.3% → 49.8%). Calculated
What deteriorated
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↓
Net result weakened
Net result +790.00m NOK → +664.00m NOK (net margin 5266.7% → 2459.3%). Calculated
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↓
Cash fell
Bank deposits 135.00m NOK → 14.00m NOK (-89.6% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (135.00m NOK → 14.00m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 2.16bn NOK → 8.66bn NOK (14373% → 32063% of revenue). Calculated
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COGS fell
COGS / varekostnad 2.12bn NOK → 865.00m NOK (-59.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 8.35bn NOK → 8.46bn NOK. Reported fact