CIRCIO HOLDING ASA: årsregnskap 2016 vs 2015
Grew 712% on revenue, weaker earnings
approved 2017-04-05; registry 2017-04-27; journal 2017 301147
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for CIRCIO HOLDING ASA. Revenue 1.15m NOK → 9.36m NOK (+712.2%). Net result -91.82m NOK → -122.45m NOK. Equity 430.20m NOK → 472.4k NOK.
On the constructive side: revenue rose. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: paid-in equity reduced; cogs moved; book investments changed. All figures are taken from the published annual accounts for CIRCIO HOLDING ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.15m NOK to 9.36m NOK (+712.2% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result -91.82m NOK → -122.45m NOK (net margin -7970.1% → -1308.8%). Calculated
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↓
Equity eroded
Book equity 430.20m NOK → 472.4k NOK (equity ratio 96.2% → 95.7%). Calculated
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↓
Cash fell
Bank deposits 165.87m NOK → 157.68m NOK (-4.9% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 525.19m NOK → 632.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS moved
COGS / varekostnad 19.81m NOK → 45.00m NOK (+127.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 273 NOK → 324.0k NOK. Reported fact