FirmaIQ
Org.nr 980 832 708 2016 → 2017 Year-over-year analysis

EQVA ASA: årsregnskap 2017 vs 2016

Weaker earnings, cash halved-plus

approved 2018-05-28; registry 2018-07-05; journal 2018 618129

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for EQVA ASA. Revenue 44.83m NOK → 43.55m NOK (-2.9%). Net result -39.32m NOK → -59.72m NOK. Equity 15.18bn NOK → 13.16bn NOK.

Pressures included: revenue fell; net result weakened; equity eroded.

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for EQVA ASA.

At a glance

Scorecard

Revenue
44.83m NOK 43.55m NOK
-2.9%
Net result
-39.32m NOK -59.72m NOK
-51.9%
Equity
15.18bn NOK 13.16bn NOK
-13.3%
Cash
9.59m NOK 2.92m NOK
-69.5%
Total assets
401.61m NOK 349.74m NOK
-12.9%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 44.83m NOK to 43.55m NOK (-2.9% YoY). Calculated

  • ↓

    Net result weakened

    Net result -39.32m NOK → -59.72m NOK (net margin -87.7% → -137.1%). Calculated

  • ↓

    Equity eroded

    Book equity 15.18bn NOK → 13.16bn NOK (equity ratio 3779.0% → 3764.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 9.59m NOK → 2.92m NOK (-69.5% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 25.87m NOK → 26.79m NOK (58% → 62% of revenue). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (9.59m NOK → 2.92m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 5.80m NOK → 6.23m NOK. Reported fact