LERØY SEAFOOD GROUP ASA: årsregnskap 2017 vs 2016
Grew 183900% on revenue, weaker earnings, cash halved-plus
approved 2018-05-23; registry 2018-07-19; journal 2018 727735
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for LERØY SEAFOOD GROUP ASA. Revenue 33.0k NOK → 60.72m NOK (+183900.0%). Net result +3.52bn NOK → +1.75bn NOK. Equity 7.09bn NOK → 8.98bn NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for LERØY SEAFOOD GROUP ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 33.0k NOK to 60.72m NOK (+183900.0% YoY). Calculated
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↑
Equity strengthened
Book equity 7.09bn NOK → 8.98bn NOK (equity ratio 70.3% → 74.4%). Calculated
What deteriorated
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↓
Net result weakened
Net result +3.52bn NOK → +1.75bn NOK (net margin 10662518.2% → 2881.2%). Calculated
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↓
Cash fell
Bank deposits 351.97m NOK → 943.6k NOK (-99.7% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (351.97m NOK → 943.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 5.26m NOK → 2.09m NOK. Reported fact