FirmaIQ
Org.nr 932 142 104 2016 → 2017 Year-over-year analysis

NEKKAR ASA: årsregnskap 2017 vs 2016

Shrank 14% on revenue, returned to profit, cash halved-plus

approved 2018-05-31; registry 2018-07-28; journal 2018 805108

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for NEKKAR ASA. Revenue 53.41m NOK → 45.89m NOK (-14.1%). Net result -127.07m NOK → +8.20m NOK. Equity 296.62m NOK → 433.4k NOK.

On the constructive side: operating result improved; turned profitable. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for NEKKAR ASA.

At a glance

Scorecard

Revenue
53.41m NOK 45.89m NOK
-14.1%
Operating result
-71.96m NOK +8.84m NOK
+112.3%
Net result
-127.07m NOK +8.20m NOK
+106.5%
Equity
296.62m NOK 433.4k NOK
-99.9%
Cash
297.0k NOK 401 NOK
-99.9%
Total assets
700.34m NOK 855.9k NOK
-99.9%

What improved

  • ↑

    Operating result improved

    Operating result -71.96m NOK → +8.84m NOK (op. margin -134.7% → 19.3%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 127.07m NOK to a profit of 8.20m NOK. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 53.41m NOK to 45.89m NOK (-14.1% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 296.62m NOK → 433.4k NOK (equity ratio 42.4% → 50.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 297.0k NOK → 401 NOK (-99.9% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.18× → 0.47× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 126.28m NOK → 3.14m NOK (-97.5% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 0 NOK → 634.5k NOK. Reported fact