CIRCIO HOLDING ASA: årsregnskap 2017 vs 2016
Grew 11% on revenue, cash halved-plus, fresh owner capital
approved 2018-04-11; registry 2018-05-22; journal 2018 332410
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for CIRCIO HOLDING ASA. Revenue 9.36m NOK → 10.42m NOK (+11.3%). Equity 472.4k NOK → 610.7k NOK.
On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: operating result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; 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 9.36m NOK to 10.42m NOK (+11.3% YoY). Calculated
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↑
Equity strengthened
Book equity 472.4k NOK → 610.7k NOK (equity ratio 95.7% → 97.0%). Calculated
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↑
Owners injected capital
Paid-in equity rose 632.0k NOK → 826.4k NOK (+194.4k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -119.51m NOK → -119.93m NOK (op. margin -1277.4% → -1151.4%). Calculated
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↓
Cash fell
Bank deposits 157.68m NOK → 244.5k NOK (-99.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 8.03× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (157.68m NOK → 244.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 324.0k NOK → 373.6k NOK. Reported fact