EQUINOR ASA: årsregnskap 2016 vs 2015
Shrank 90% on revenue, stronger earnings, cash halved-plus
approved 2017-05-11; registry 2017-06-20; journal 2017 466232
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for EQUINOR ASA. Revenue 282.28bn NOK → 28.85bn NOK (-89.8%). Net result -46.83bn NOK → -2.90bn NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for EQUINOR ASA.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -46.83bn NOK → -2.90bn NOK (net margin -16.6% → -10.1%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 282.28bn NOK to 28.85bn NOK (-89.8% YoY). Calculated
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↓
Operating result weakened
Operating result +1.37bn NOK → +80.00m NOK (op. margin 0.5% → 0.3%). Calculated
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↓
Cash fell
Bank deposits 65.81bn NOK → 4.27bn NOK (-93.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.16× → 0.99× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (65.81bn NOK → 4.27bn NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 25.30bn NOK → 4.52bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 292.90bn NOK → 29.46bn NOK (-89.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 584.27m NOK → 65.90bn NOK. Reported fact