CYTOVATION ASA: årsregnskap 2016 vs 2015
Cash halved-plus
approved 2017-07-31; registry 2017-08-10; journal 2017 846142
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for CYTOVATION ASA. Revenue 0 NOK → 0 NOK (0.0%). Equity -977.0k NOK → -3.01m NOK.
Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for CYTOVATION ASA.
At a glance
Scorecard
What deteriorated
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↓
Operating result weakened
Operating result +409.1k NOK → -2.04m NOK. Calculated
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↓
Equity eroded
Book equity -977.0k NOK → -3.01m NOK (equity ratio -251.9% → -3507.1%). Calculated
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↓
Cash fell
Bank deposits 387.8k NOK → 86.0k NOK (-77.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.06× → 0.03× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
COGS moved
COGS / varekostnad 1.02m NOK → 1.16m NOK (+13.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -3507.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation