BLUENORD ASA: årsregnskap 2016 vs 2015
Shrank 15% on revenue, cash halved-plus
approved 2017-04-27; registry 2017-06-28; journal 2017 524471
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for BLUENORD ASA. Revenue 13.00m NOK → 11.00m NOK (-15.4%). Equity 521.00m NOK → 525.0k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for BLUENORD ASA.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -25.00m NOK → -24.00m NOK (op. margin -192.3% → -218.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 13.00m NOK to 11.00m NOK (-15.4% YoY). Calculated
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↓
Equity eroded
Book equity 521.00m NOK → 525.0k NOK (equity ratio 55.8% → 0.1%). Calculated
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↓
Cash fell
Bank deposits 274.00m NOK → 53.00m NOK (-80.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.38× → 0.79× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (274.00m NOK → 53.00m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 382 NOK → 700.0k NOK. Reported fact