CAMBI ASA: årsregnskap 2017 vs 2016
Weaker earnings, cash halved-plus, fresh owner capital
approved 2018-05-02; registry 2018-05-30; journal 2018 373710
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for CAMBI ASA. Revenue 338.79m NOK → 326.75m NOK (-3.6%). Net result +45.34m NOK → +20.30m NOK. Equity 17.93m NOK → 33.73m NOK.
On the constructive side: operating result improved; equity strengthened; owners injected capital. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for CAMBI ASA.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +42.87m NOK → +45.57m NOK (op. margin 12.7% → 13.9%). Calculated
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↑
Equity strengthened
Book equity 17.93m NOK → 33.73m NOK (equity ratio 15.8% → 24.1%). Calculated
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↑
Owners injected capital
Paid-in equity rose 5.72m NOK → 20.71m NOK (+15.00m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 338.79m NOK to 326.75m NOK (-3.6% YoY). Calculated
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↓
Net result weakened
Net result +45.34m NOK → +20.30m NOK (net margin 13.4% → 6.2%). Calculated
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↓
Cash fell
Bank deposits 49.45m NOK → -1.20m NOK (-102.4% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 641.6k NOK → 691.3k NOK (0% → 0% of revenue). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (49.45m NOK → -1.20m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 137.96m NOK → 92.00m NOK (-33.3% YoY). Calculated