MEDISTIM ASA: årsregnskap 2016 vs 2015
Grew 7% on revenue, cash halved-plus
approved 2017-04-26; registry 2017-08-15; journal 2017 867472
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for MEDISTIM ASA. Revenue 122.1k NOK → 130.5k NOK (+6.9%). Net result +40.42m NOK → +41.72m NOK. Equity 103.9k NOK → 115.1k NOK.
On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: operating result weakened; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for MEDISTIM ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 122.1k NOK to 130.5k NOK (+6.9% YoY). Calculated
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↑
Equity strengthened
Book equity 103.9k NOK → 115.1k NOK (equity ratio 56.9% → 0.1%). Calculated
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↑
Owners injected capital
Paid-in equity rose 44.84m NOK → 47.06m NOK (+2.23m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +31.41m NOK → +31.07m NOK (op. margin 25726.4% → 23811.5%). Calculated
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↓
Cash fell
Bank deposits 18.97m NOK → 7.29m NOK (-61.6% 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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Sharp cash drawdown
Cash fell by more than 60% YoY (18.97m NOK → 7.29m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 35.99m NOK → 41.69m NOK (29480% → 31957% of revenue). Calculated
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COGS moved
COGS / varekostnad 21.36m NOK → 21.67m NOK (+1.5% YoY). Calculated
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Book investments changed
Investment / intangible book value 40.70m NOK → 40.19m NOK. Reported fact