FirmaIQ
Org.nr 895 436 232 2016 → 2017 Year-over-year analysis

ATLANTIC SAPPHIRE ASA: årsregnskap 2017 vs 2016

Returned to profit, fresh owner capital

approved 2018-04-27; registry 2018-06-13; journal 2018 469890

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ATLANTIC SAPPHIRE ASA. Revenue 1.92m NOK → 1.90m NOK (-1.2%). Net result -17.78m NOK → 0 NOK. Equity 179.68m NOK → 768.19m NOK.

On the constructive side: turned profitable; equity strengthened; cash rose. Pressures included: revenue fell.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ATLANTIC SAPPHIRE ASA.

At a glance

Scorecard

Revenue
1.92m NOK 1.90m NOK
-1.2%
Net result
-17.78m NOK 0 NOK
+100.0%
Equity
179.68m NOK 768.19m NOK
+327.5%
Cash
1.93m NOK 351.60m NOK
+18094.9%
Total assets
184.60m NOK 769.83m NOK
+317.0%

What improved

  • ↑

    Turned profitable

    Net result flipped from a loss of 17.78m NOK to a profit of 0 NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 179.68m NOK → 768.19m NOK (equity ratio 97.3% → 99.8%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.93m NOK → 351.60m NOK (+18094.9% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 195.99m NOK → 753.84m NOK (+557.85m NOK). Reported fact

  • ↑

    Payroll decreased

    Salary cost 6.15m NOK → 2.47m NOK (320% → 130% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.92m NOK to 1.90m NOK (-1.2% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 22.19m NOK → 3.17m NOK (-85.7% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 40.0k NOK → 417.48m NOK. Reported fact