ARRIBATEC GROUP ASA: årsregnskap 2016 vs 2015
Shrank 100% on revenue, weaker earnings, cash halved-plus
approved 2017-04-28; registry 2017-08-21; journal 2017 872582
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ARRIBATEC GROUP ASA. Revenue 53.02m NOK → 0 NOK (-100.0%). Net result +231.85m NOK → +87.94m NOK. Equity 116.16m NOK → 90.94m NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ARRIBATEC GROUP ASA.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 53.02m NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Operating result weakened
Operating result +2.63m NOK → -13.67m NOK. Calculated
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↓
Net result weakened
Net result +231.85m NOK → +87.94m NOK. Calculated
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↓
Equity eroded
Book equity 116.16m NOK → 90.94m NOK (equity ratio 41.0% → 92.9%). Calculated
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↓
Cash fell
Bank deposits 25.48m NOK → 1.61m NOK (-93.7% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (25.48m NOK → 1.61m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Paid-in equity reduced
Paid-in equity fell 116.16m NOK → 95.87m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 127.61m NOK → 95.90m NOK. Reported fact