ECOTEQ ENERGY ASA: årsregnskap 2017 vs 2016
Shrank 100% on revenue, stronger earnings
approved 2019-06-26; registry 2019-07-04; journal 2019 665290
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ECOTEQ ENERGY ASA. Revenue 500.0k NOK → 566 NOK (-99.9%). Net result -776.79m NOK → -3.90m NOK. Equity -5.48m NOK → -5.77m NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: 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 -12.60m NOK → -7.68m NOK (op. margin -2520.0% → -1356713.8%). Calculated
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Net result improved
Net result -776.79m NOK → -3.90m NOK (net margin -155358.8% → -688692.6%). Calculated
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Cash rose
Bank deposits 24.0k NOK → 67.0k NOK (+179.2% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 500.0k NOK to 566 NOK (-99.9% YoY). Calculated
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↓
Equity eroded
Book equity -5.48m NOK → -5.77m NOK (equity ratio -277.8% → -122.0%). Calculated
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↓
Payroll up without matching revenue
Salary cost 858 NOK → 271.0k NOK (0% → 47880% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.26m NOK → 1 263 NOK (-99.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 525.00m NOK → 287.0k NOK. Reported fact