GOODTECH ASA: årsregnskap 2017 vs 2016
Grew 13% on revenue, stronger earnings
approved 2018-04-26; registry 2018-05-29; journal 2018 365372
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for GOODTECH ASA. Revenue 5.88m NOK → 6.64m NOK (+12.9%). Net result -34.65m NOK → -9.22m NOK. Equity 289.93m NOK → 267.39m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: paid-in equity reduced; cogs moved; 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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Revenue rose
Operating income / revenue moved from 5.88m NOK to 6.64m NOK (+12.9% YoY). Calculated
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Operating result improved
Operating result -59.16m NOK → -8.47m NOK (op. margin -1005.7% → -127.5%). Calculated
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Net result improved
Net result -34.65m NOK → -9.22m NOK (net margin -589.2% → -138.8%). Calculated
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Cash rose
Bank deposits 21.9k NOK → 28.89m NOK (+131900.7% YoY). Calculated
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Payroll decreased
Salary cost 15.13m NOK → 10.73m NOK (257% → 162% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 289.93m NOK → 267.39m NOK (equity ratio 96.4% → 96.0%). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 434.77m NOK → 435.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS moved
COGS / varekostnad 358.5k NOK → 13.34m NOK (+3622.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 209.13m NOK → 189.10m NOK. Reported fact