AKVA GROUP ASA: årsregnskap 2016 vs 2015
Shrank 100% on revenue, weaker earnings
approved 2017-05-10; registry 2017-06-14; journal 2017 440659
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for AKVA GROUP ASA. Revenue 671.75m NOK → 708.3k NOK (-99.9%). Net result +56.83m NOK → +26.25m NOK. Equity 416.1k NOK → 427.1k NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for AKVA GROUP ASA.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 416.1k NOK → 427.1k NOK (equity ratio 48.1% → 40.0%). Calculated
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↑
Cash rose
Bank deposits 4.93m NOK → 45.79m NOK (+829.2% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 671.75m NOK to 708.3k NOK (-99.9% YoY). Calculated
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↓
Operating result weakened
Operating result +28.71m NOK → +25.86m NOK (op. margin 4.3% → 3650.1%). Calculated
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↓
Net result weakened
Net result +56.83m NOK → +26.25m NOK (net margin 8.5% → 3706.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.03× → 0.89× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 15 NOK → 3.42m NOK (0% → 483% of revenue). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 362.86m NOK → 363.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 509.69m NOK → 11.53m NOK (-97.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 10 NOK → 682.9k NOK. Reported fact