FirmaIQ
Org.nr 959 033 560 2016 → 2017 Year-over-year analysis

ARCTICZYMES TECHNOLOGIES ASA: årsregnskap 2017 vs 2016

Weaker earnings, fresh owner capital

approved 2018-03-14; registry 2018-06-15; journal 2018 484208

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ARCTICZYMES TECHNOLOGIES ASA. Revenue 14.52m NOK → 15.07m NOK (+3.8%). Net result -20.48m NOK → -24.94m NOK. Equity 303.80m NOK → 297.08m NOK.

On the constructive side: revenue rose; owners injected capital. Pressures included: net result weakened; equity eroded; cash fell.

Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ARCTICZYMES TECHNOLOGIES ASA.

At a glance

Scorecard

Revenue
14.52m NOK 15.07m NOK
+3.8%
Net result
-20.48m NOK -24.94m NOK
-21.8%
Equity
303.80m NOK 297.08m NOK
-2.2%
Cash
61.13m NOK 54.87m NOK
-10.2%
Total assets
307.19m NOK 301.26m NOK
-1.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 14.52m NOK to 15.07m NOK (+3.8% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 222.1k NOK → 177.32m NOK (+177.10m NOK). Reported fact

What deteriorated

  • ↓

    Net result weakened

    Net result -20.48m NOK → -24.94m NOK (net margin -141.0% → -165.4%). Calculated

  • ↓

    Equity eroded

    Book equity 303.80m NOK → 297.08m NOK (equity ratio 98.9% → 98.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 61.13m NOK → 54.87m NOK (-10.2% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 13.71m NOK → 15.84m NOK (94% → 105% of revenue). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 244.5k NOK → 244.54m NOK. Reported fact