FirmaIQ
Org.nr 913 422 082 2016 → 2017 Year-over-year analysis

ALGINOR ASA: årsregnskap 2017 vs 2016

Fresh owner capital

approved 2018-06-14; registry 2018-07-07; journal 2018 636107

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ALGINOR ASA. Revenue 11.5k NOK → 11.5k NOK (0.0%). Equity 898.5k NOK → 419.8k NOK.

On the constructive side: cash rose; owners injected capital. Pressures included: equity eroded; current ratio dropped below 1×; payroll up without matching revenue.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ALGINOR ASA.

At a glance

Scorecard

Revenue
11.5k NOK 11.5k NOK
0.0%
Operating result
n/m -2.11m NOK
—
Net result
n/m -2.23m NOK
—
Equity
898.5k NOK 419.8k NOK
-53.3%
Cash
15.8k NOK 1.20m NOK
+7473.1%
Total assets
4.29m NOK 9.40m NOK
+119.2%

What improved

  • ↑

    Cash rose

    Bank deposits 15.8k NOK → 1.20m NOK (+7473.1% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 2.46m NOK → 10.21m NOK (+7.75m NOK). Reported fact

What deteriorated

  • ↓

    Equity eroded

    Book equity 898.5k NOK → 419.8k NOK (equity ratio 20.9% → 4.5%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.03× → 0.60× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 53.5k NOK → 559.2k NOK (464% → 4854% of revenue). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 4.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation