HEXAGON COMPOSITES ASA: årsregnskap 2017 vs 2016
Grew 11% on revenue, stronger earnings
approved 2018-04-19; registry 2018-07-05; journal 2018 614105
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for HEXAGON COMPOSITES ASA. Revenue 34.36m NOK → 38.24m NOK (+11.3%). Net result +49.60m NOK → +124.00m NOK. Equity 792.83m NOK → 877.3k NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for HEXAGON COMPOSITES ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 34.36m NOK to 38.24m NOK (+11.3% YoY). Calculated
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↑
Net result improved
Net result +49.60m NOK → +124.00m NOK (net margin 144.4% → 324.3%). Calculated
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↑
Cash rose
Bank deposits 27.3k NOK → 788.0k NOK (+2789.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +299.27m NOK → +99.29m NOK (op. margin 870.9% → 259.7%). Calculated
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↓
Equity eroded
Book equity 792.83m NOK → 877.3k NOK (equity ratio 61590.1% → 0.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 5.47× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. 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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·
Paid-in equity reduced
Paid-in equity fell 750.94m NOK → 761.1k NOK — check capital reduction, conversion, or reclassification. Interpretation