Org.nr 882 811 972 2016 → 2017 Year-over-year analysis

HAVILA SHIPPING ASA: årsregnskap 2017 vs 2016

Shrank 12% on revenue

approved 2018-04-17; registry 2018-06-25; journal 2018 506217

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for HAVILA SHIPPING ASA. Revenue 411.79m NOK → 363.93m NOK (-11.6%). Equity -171.21m NOK → 967.08m NOK.

On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell.

Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for HAVILA SHIPPING ASA.

At a glance

Revenue

411.79m NOK 363.93m NOK

-11.6%

Operating result

n/m -249.31m NOK

—

Net result

n/m -1140285000.77bn NOK

—

Equity

-171.21m NOK 967.08m NOK

+664.8%

Cash

20.47m NOK 45.98m NOK

+124.7%

Total assets

1.68bn NOK 1.78bn NOK

+6.2%

↑
Equity strengthened

Book equity -171.21m NOK → 967.08m NOK (equity ratio -10.2% → 54.2%). Calculated
↑
Cash rose

Bank deposits 20.47m NOK → 45.98m NOK (+124.7% YoY). Calculated
↑
Payroll decreased

Salary cost 13.33bn NOK → 13.30m NOK (3236% → 4% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 411.79m NOK to 363.93m NOK (-11.6% YoY). Calculated

·
Paid-in equity reduced

Paid-in equity fell 721.60m NOK → 1.10m NOK — check capital reduction, conversion, or reclassification. Interpretation