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Org.nr 920 639 674 2015 → 2016 Year-over-year analysis

BORGESTAD ASA: årsregnskap 2016 vs 2015

Weaker earnings

approved 2017-03-23; registry 2017-07-11; journal 2017 641330

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for BORGESTAD ASA. Revenue 9.96m NOK → 10.38m NOK (+4.3%). Net result -17.46m NOK → -80.53m NOK. Equity 474.00m NOK → 393.07m NOK.

On the constructive side: revenue rose; cash rose. Pressures included: net result weakened; equity eroded; current ratio dropped below 1×.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for BORGESTAD ASA.

At a glance

Scorecard

Revenue
9.96m NOK 10.38m NOK
+4.3%
Net result
-17.46m NOK -80.53m NOK
-361.2%
Equity
474.00m NOK 393.07m NOK
-17.1%
Cash
7.41m NOK 15.01m NOK
+102.5%
Total assets
808.7k NOK 1.02m NOK
+26.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 9.96m NOK to 10.38m NOK (+4.3% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 7.41m NOK → 15.01m NOK (+102.5% YoY). Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result -17.46m NOK → -80.53m NOK (net margin -175.4% → -775.5%). Calculated

  • ↓

    Equity eroded

    Book equity 474.00m NOK → 393.07m NOK (equity ratio 58613.2% → 38474.0%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 2.31× → 0.17× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 733.2k NOK → 961.4k NOK. Reported fact