AKER ASA: årsregnskap 2017 vs 2016
Weaker earnings, cash halved-plus
approved 2018-04-20; registry 2018-05-12; journal 2018 310444
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AKER ASA. Revenue 43.67bn NOK → 41.61bn NOK (-4.7%). Net result +3.08bn NOK → +1.56bn NOK. Equity 19.82bn NOK → 20.08bn NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for AKER ASA.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 19.82bn NOK → 20.08bn NOK (equity ratio 68.2% → 70.6%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 43.67bn NOK to 41.61bn NOK (-4.7% YoY). Calculated
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↓
Operating result weakened
Operating result +1.57m NOK → -257.00m NOK (op. margin 0.0% → -0.6%). Calculated
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↓
Net result weakened
Net result +3.08bn NOK → +1.56bn NOK (net margin 7.0% → 3.7%). Calculated
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↓
Cash fell
Bank deposits 3.25bn NOK → 873.00m NOK (-73.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2462.34× → 0.86× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.25bn NOK → 873.00m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 17.61bn NOK → 17.22bn NOK (-2.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 3.00m NOK → 4.00m NOK. Reported fact