ECOTEQ ENERGY ASA: årsregnskap 2016 vs 2015
Shrank 10% on revenue, weaker earnings
approved 2018-08-07; registry 2018-08-15; journal 2018 911584
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ECOTEQ ENERGY ASA. Revenue 553.0k NOK → 500.0k NOK (-9.6%). Net result -611.20m NOK → -776.79m NOK. Equity 769.14m NOK → -5.48m NOK.
On the constructive side: operating result improved; owners injected capital; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ECOTEQ ENERGY ASA.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -17.30m NOK → -12.60m NOK (op. margin -3127.8% → -2520.0%). Calculated
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Owners injected capital
Paid-in equity rose 1.47bn NOK → 1.48bn NOK (+9.28m NOK). Reported fact
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Payroll decreased
Salary cost 473.0k NOK → 858 NOK (86% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 553.0k NOK to 500.0k NOK (-9.6% YoY). Calculated
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↓
Net result weakened
Net result -611.20m NOK → -776.79m NOK (net margin -110523.7% → -155358.8%). Calculated
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↓
Equity eroded
Book equity 769.14m NOK → -5.48m NOK (equity ratio 99.3% → -277.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -277.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 2.19m NOK → 1.26m NOK (-42.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 774 NOK → 525.00m NOK. Reported fact