ENSURGE MICROPOWER ASA: årsregnskap 2017 vs 2016
Grew 182647% on revenue, fresh owner capital
approved 2018-04-05; registry 2018-08-07; journal 2018 892246
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ENSURGE MICROPOWER ASA. Revenue 16.5k NOK → 30.15m NOK (+182647.3%). Equity 709.58m NOK → 1.04m NOK.
On the constructive side: revenue rose; cash rose; owners injected capital. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ENSURGE MICROPOWER ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 16.5k NOK to 30.15m NOK (+182647.3% YoY). Calculated
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↑
Cash rose
Bank deposits 593 NOK → 760.6k NOK (+128169.0% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 233.0k NOK → 338.5k NOK (+105.5k NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 709.58m NOK → 1.04m NOK (equity ratio 90.7% → 0.5%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 8337.54× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 150.7k NOK → 336.26m NOK. Reported fact