ELKEM ASA: årsregnskap 2016 vs 2015
Weaker earnings, cash halved-plus
approved 2017-04-25; registry 2017-05-20; journal 2017 330981
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ELKEM ASA. Revenue 7.28bn NOK → 7.01bn NOK (-3.7%). Net result +326.75m NOK → +584.9k NOK. Equity 3.79bn NOK → 4.37bn NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ELKEM ASA.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 3.79bn NOK → 4.37bn NOK (equity ratio 37.3% → 42.1%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 7.28bn NOK to 7.01bn NOK (-3.7% YoY). Calculated
-
↓
Net result weakened
Net result +326.75m NOK → +584.9k NOK (net margin 4.5% → 0.0%). Calculated
-
↓
Cash fell
Bank deposits 723.57m NOK → 292.47m NOK (-59.6% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.08× → 0.95× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
Payroll up without matching revenue
Salary cost 902.5k NOK → 912.9k NOK (0% → 0% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 3.97bn NOK → 3.96bn NOK (-0.2% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 14.25m NOK → 12.67m NOK. Reported fact