DNO ASA: årsregnskap 2017 vs 2016
Grew 58% on revenue, returned to profit
approved 2018-03-14; registry 2018-07-30; journal 2018 822222
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for DNO ASA. Revenue 6.79m NOK → 10.71m NOK (+57.6%). Net result -119.92m NOK → +114.04m NOK. Equity 131.76m NOK → 221.7k NOK.
On the constructive side: revenue rose; turned profitable; cash rose. Pressures included: equity eroded.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for DNO ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.79m NOK to 10.71m NOK (+57.6% YoY). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 119.92m NOK to a profit of 114.04m NOK. Calculated
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↑
Cash rose
Bank deposits 252.9k NOK → 388.5k NOK (+53.6% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 131.76m NOK → 221.7k NOK (equity ratio 18696.3% → 28.2%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 329.72m NOK → 11.31m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 438.48m NOK → 374.62m NOK. Reported fact