MOWI ASA: årsregnskap 2017 vs 2016
Grew 10% on revenue, stronger earnings, cash halved-plus
approved 2018-03-19; registry 2018-04-14; journal 2018 260884
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for MOWI ASA. Revenue 20.00m NOK → 22.00m NOK (+10.0%). Net result +81.00m NOK → +462.00m NOK. Equity 1.72bn NOK → 1.93bn NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; payroll increased; 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 20.00m NOK to 22.00m NOK (+10.0% YoY). Calculated
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Net result improved
Net result +81.00m NOK → +462.00m NOK (net margin 405.0% → 2100.0%). Calculated
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Equity strengthened
Book equity 1.72bn NOK → 1.93bn NOK (equity ratio 44.8% → 53.7%). Calculated
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Owners injected capital
Paid-in equity rose 1.01bn NOK → 1.31bn NOK (+306.00m NOK). Reported fact
What deteriorated
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↓
Cash fell
Bank deposits 47.00m NOK → 8.00m NOK (-83.0% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (47.00m NOK → 8.00m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 6.44m NOK → 14.48m NOK (32% → 66% of revenue). Calculated
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COGS fell
COGS / varekostnad 33.78m NOK → 33.69m NOK (-0.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 2.90bn NOK → 2.81bn NOK. Reported fact