HÖEGH AUTOLINERS ASA: årsregnskap 2017 vs 2016
Shrank 100% on revenue, stronger earnings
approved 2018-03-07; registry 2018-07-31; journal 2018 831201
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for HÖEGH AUTOLINERS ASA. Revenue 977.56m NOK → 997.1k NOK (-99.9%). Net result -228.96m NOK → -24.48m NOK. Equity 800.45m NOK → 808.6k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for HÖEGH AUTOLINERS ASA.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -228.96m NOK → -24.48m NOK (net margin -23.4% → -2455.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 977.56m NOK to 997.1k NOK (-99.9% YoY). Calculated
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↓
Equity eroded
Book equity 800.45m NOK → 808.6k NOK (equity ratio 50.2% → 0.1%). Calculated
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↓
Cash fell
Bank deposits 110.0k NOK → 95.0k NOK (-13.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 1.49bn NOK → 1.43bn NOK. Reported fact