Org.nr 991 753 591 2016 → 2017 Year-over-year analysis

GELATO ASA: årsregnskap 2017 vs 2016

Grew 6% on revenue, cash halved-plus

approved 2018-06-29; registry 2018-08-23; journal 2018 917412

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for GELATO ASA. Revenue 335.27m NOK → 355.86m NOK (+6.1%). Equity 90.67m NOK → 39.36m NOK.

On the constructive side: revenue rose; owners injected capital. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.

Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for GELATO ASA.

At a glance

Revenue

335.27m NOK 355.86m NOK

+6.1%

Operating result

n/m -74.58m NOK

—

Net result

n/m -60.70m NOK

—

Equity

90.67m NOK 39.36m NOK

-56.6%

Cash

115.89m NOK 55.46m NOK

-52.1%

Total assets

161.23m NOK 126.60m NOK

-21.5%

↑
Revenue rose

Operating income / revenue moved from 335.27m NOK to 355.86m NOK (+6.1% YoY). Calculated
↑
Owners injected capital

Paid-in equity rose 117.62m NOK → 127.02m NOK (+9.39m NOK). Reported fact

↓
Equity eroded

Book equity 90.67m NOK → 39.36m NOK (equity ratio 56.2% → 31.1%). Calculated
↓
Cash fell

Bank deposits 115.89m NOK → 55.46m NOK (-52.1% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.64× → 0.64× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
COGS moved

COGS / varekostnad 99.10m NOK → 14.12bn NOK (+14146.9% YoY). Calculated
·
Book investments changed

Investment / intangible book value 347.0k NOK → 3.45m NOK. Reported fact