GOODTECH ASA: årsregnskap 2016 vs 2015
Stronger earnings, cash halved-plus
approved 2017-03-23; registry 2017-06-22; journal 2017 496610
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for GOODTECH ASA. Revenue 6.12m NOK → 5.88m NOK (-3.8%). Net result -169.51m NOK → -34.65m NOK. Equity 326.98m NOK → 289.93m NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for GOODTECH ASA.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -71.78m NOK → -59.16m NOK (op. margin -1173.8% → -1005.7%). Calculated
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Net result improved
Net result -169.51m NOK → -34.65m NOK (net margin -2772.0% → -589.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.12m NOK to 5.88m NOK (-3.8% YoY). Calculated
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↓
Equity eroded
Book equity 326.98m NOK → 289.93m NOK (equity ratio 86.4% → 96.4%). Calculated
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↓
Cash fell
Bank deposits 949.0k NOK → 21.9k NOK (-97.7% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 11.47m NOK → 15.13m NOK (188% → 257% of revenue). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 435.31m NOK → 434.77m NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 3.35m NOK → 358.5k NOK (-89.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 277.47m NOK → 209.13m NOK. Reported fact