NEL ASA: årsregnskap 2017 vs 2016
Grew 98% on revenue, cash halved-plus
approved 2018-04-19; registry 2018-07-26; journal 2018 797484
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for NEL ASA. Revenue 3.18m NOK → 6.30m NOK (+97.9%). Equity 730.98m NOK → 1.45m NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; paid-in equity reduced; cogs moved. All figures are taken from the published annual accounts for NEL ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.18m NOK to 6.30m NOK (+97.9% YoY). Calculated
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↑
Payroll decreased
Salary cost 60.27m NOK → 20.85m NOK (1893% → 331% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 730.98m NOK → 1.45m NOK (equity ratio 99.6% → 99.6%). Calculated
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↓
Cash fell
Bank deposits 157.21m NOK → 258.2k NOK (-99.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 58.46× → 0.04× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (157.21m NOK → 258.2k 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 756.67m NOK → 1.50m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS moved
COGS / varekostnad 60.84m NOK → 163.64m NOK (+169.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 548.34m NOK → 1.19m NOK. Reported fact