ELOPAK ASA: årsregnskap 2017 vs 2016
Shrank 100% on revenue, weaker earnings
approved 2018-04-03; registry 2018-07-05; journal 2018 627333
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ELOPAK ASA. Revenue 437.25m NOK → 447.4k NOK (-99.9%). Net result +49.34m NOK → +23.29m NOK. Equity 168.5k NOK → 174.5k NOK.
On the constructive side: equity strengthened; cash rose; current ratio back above 1×. Pressures included: revenue fell; net result weakened; cogs moved.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ELOPAK ASA.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 168.5k NOK → 174.5k NOK (equity ratio 27.6% → 28.2%). Calculated
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↑
Cash rose
Bank deposits 4.25m NOK → 5.99m NOK (+41.2% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 930.80×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 437.25m NOK to 447.4k NOK (-99.9% YoY). Calculated
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↓
Net result weakened
Net result +49.34m NOK → +23.29m NOK (net margin 11.3% → 5206.2%). Calculated
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↓
COGS moved
COGS / varekostnad 374.21m NOK → 376.49m NOK (+0.6% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 87.36m NOK → 81.00m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 0 NOK → 357.7k NOK. Reported fact