BORGESTAD ASA: årsregnskap 2017 vs 2016
Returned to profit
approved 2018-06-07; registry 2018-07-23; journal 2018 764101
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for BORGESTAD ASA. Revenue 10.38m NOK → 10.38m NOK (-0.0%). Net result -80.53m NOK → +52.03m NOK. Equity 393.07m NOK → 445.1k NOK.
On the constructive side: turned profitable; cash rose; current ratio back above 1×. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for BORGESTAD ASA.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 80.53m NOK to a profit of 52.03m NOK. Calculated
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↑
Cash rose
Bank deposits 15.01m NOK → 15.26m NOK (+1.7% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.17× → 172.17×. Calculated
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↑
Owners injected capital
Paid-in equity rose 96.71m NOK → 96.76m NOK (+51.0k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 10.38m NOK to 10.38m NOK (-0.0% YoY). Calculated
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↓
Equity eroded
Book equity 393.07m NOK → 445.1k NOK (equity ratio 38474.0% → 0.1%). 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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·
COGS fell
COGS / varekostnad 4.29m NOK → 4.28m NOK (-0.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 961.4k NOK → 727.06m NOK. Reported fact