MOWI ASA: årsregnskap 2016 vs 2015
Grew 15167% on revenue, stronger earnings, cash halved-plus
approved 2017-04-05; registry 2017-04-18; journal 2017 272135
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for MOWI ASA. Revenue 131.0k NOK → 20.00m NOK (+15167.2%). Net result +1.42m NOK → +81.00m NOK. Equity 19.76bn NOK → 1.72bn NOK.
On the constructive side: revenue rose; net result improved; payroll decreased. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for MOWI ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 131.0k NOK to 20.00m NOK (+15167.2% YoY). Calculated
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Net result improved
Net result +1.42m NOK → +81.00m NOK (net margin 1081.7% → 405.0%). Calculated
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Payroll decreased
Salary cost 3.83bn NOK → 6.44m NOK (2920611% → 32% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 19.76bn NOK → 1.72bn NOK (equity ratio 54.3% → 44.8%). Calculated
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↓
Cash fell
Bank deposits 176.00m NOK → 47.00m NOK (-73.3% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (176.00m NOK → 47.00m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Paid-in equity reduced
Paid-in equity fell 13.70bn NOK → 1.01bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 15.86bn NOK → 33.78m NOK (-99.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 27.81bn NOK → 2.90bn NOK. Reported fact