FirmaIQ
Org.nr 886 582 412 2016 → 2017 Year-over-year analysis

AQUA BIO TECHNOLOGY ASA: årsregnskap 2017 vs 2016

Shrank 80% on revenue, slipped into loss, cash halved-plus

approved 2018-04-23; registry 2018-08-07; journal 2018 894126

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for AQUA BIO TECHNOLOGY ASA. Revenue 49.41m NOK → 9.88m NOK (-80.0%). Net result +1.46m NOK → -16.06m NOK. Equity 85.19m NOK → 67.11m NOK.

Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for AQUA BIO TECHNOLOGY ASA.

At a glance

Scorecard

Revenue
49.41m NOK 9.88m NOK
-80.0%
Operating result
+2.86m NOK -14.88m NOK
-620.2%
Net result
+1.46m NOK -16.06m NOK
-1198.3%
Equity
85.19m NOK 67.11m NOK
-21.2%
Cash
46.18m NOK 21.80m NOK
-52.8%
Total assets
101.77m NOK 77.65m NOK
-23.7%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 49.41m NOK to 9.88m NOK (-80.0% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +2.86m NOK → -14.88m NOK (op. margin 5.8% → -150.6%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 1.46m NOK profit to a loss of 16.06m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 85.19m NOK → 67.11m NOK (equity ratio 83.7% → 86.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 46.18m NOK → 21.80m NOK (-52.8% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 72.98m NOK → 38.53m NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 78.0k NOK → 9 352 NOK (-88.0% YoY). Calculated