FirmaIQ
Org.nr 985 012 059 2016 → 2017 Year-over-year analysis

NAVAMEDIC ASA: årsregnskap 2017 vs 2016

Cash halved-plus

approved 2018-04-27; registry 2018-07-16; journal 2018 682058

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for NAVAMEDIC ASA. Revenue 24.41m NOK → 23.61m NOK (-3.3%). Equity 121.90m NOK → 114.62m NOK.

Pressures included: revenue fell; 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 NAVAMEDIC ASA.

At a glance

Scorecard

Revenue
24.41m NOK 23.61m NOK
-3.3%
Equity
121.90m NOK 114.62m NOK
-6.0%
Cash
17.12m NOK 3.27m NOK
-80.9%
Total assets
195.21m NOK 168.37m NOK
-13.7%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 24.41m NOK to 23.61m NOK (-3.3% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 121.90m NOK → 114.62m NOK (equity ratio 62.4% → 68.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 17.12m NOK → 3.27m NOK (-80.9% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (17.12m NOK → 3.27m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Paid-in equity reduced

    Paid-in equity fell 121.35m NOK → 120.75m NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 204.26m NOK → 187.65m NOK (-8.1% YoY). Calculated