BYGGMA ASA: årsregnskap 2017 vs 2016
Shrank 100% on revenue, cash halved-plus
approved 2018-05-28; registry 2018-06-25; journal 2018 538494
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for BYGGMA ASA. Revenue 449.56m NOK → 456.0k NOK (-99.9%). Equity 458.68m NOK → 511.0k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for BYGGMA ASA.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +86.48m NOK → +93.76m NOK (op. margin 19.2% → 20563.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 449.56m NOK to 456.0k NOK (-99.9% YoY). Calculated
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↓
Equity eroded
Book equity 458.68m NOK → 511.0k NOK (equity ratio 69.3% → 72.4%). Calculated
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↓
Cash fell
Bank deposits 227.40m NOK → 253.8k NOK (-99.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.18× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 1 003 NOK → 8.95m NOK (0% → 1962% of revenue). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (227.40m NOK → 253.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 12.45m NOK → 454.6k NOK (-96.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 276.44m NOK → 289.7k NOK. Reported fact