AKVA GROUP ASA: årsregnskap 2017 vs 2016
Grew 21% on revenue, stronger earnings, cash halved-plus
approved 2018-05-15; registry 2018-06-12; journal 2018 455245
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AKVA GROUP ASA. Revenue 708.3k NOK → 858.9k NOK (+21.3%). Net result +26.25m NOK → +99.69m NOK. Equity 427.1k NOK → 426.00m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs fell. All figures are taken from the published annual accounts for AKVA GROUP ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 708.3k NOK to 858.9k NOK (+21.3% YoY). Calculated
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Net result improved
Net result +26.25m NOK → +99.69m NOK (net margin 3706.0% → 11606.8%). Calculated
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Equity strengthened
Book equity 427.1k NOK → 426.00m NOK (equity ratio 40.0% → 38.6%). Calculated
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Current ratio back above 1×
Current ratio 0.89× → 693.85×. Calculated
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Owners injected capital
Paid-in equity rose 363.0k NOK → 362.95m NOK (+362.59m NOK). Reported fact
What deteriorated
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Cash fell
Bank deposits 45.79m NOK → 4.45m NOK (-90.3% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (45.79m NOK → 4.45m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 3.42m NOK → 4.11bn NOK (483% → 478595% of revenue). Calculated
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COGS fell
COGS / varekostnad 11.53m NOK → 10.65m NOK (-7.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 682.9k NOK → 701.6k NOK. Reported fact