HYDROGENPRO ASA: årsregnskap 2016 vs 2015
Shrank 37% on revenue
approved 2017-05-29; registry 2017-06-15; journal 2017 452431
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for HYDROGENPRO ASA. Revenue 166.4k NOK → 104.8k NOK (-37.0%). Equity 209.5k NOK → -1.12m NOK.
On the constructive side: cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for HYDROGENPRO ASA.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 121.3k NOK → 342.6k NOK (+182.4% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 166.4k NOK to 104.8k NOK (-37.0% YoY). Calculated
-
↓
Equity eroded
Book equity 209.5k NOK → -1.12m NOK (equity ratio 43.7% → -287.3%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -287.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 74.0k NOK → 301 NOK (-99.6% YoY). Calculated