NOFENCE AS: årsregnskap 2017 vs 2016
Shrank 39% on revenue, weaker earnings, cash halved-plus
approved 2018-04-23; registry 2018-06-26; journal 2018 561508
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for NOFENCE AS. Revenue 346.8k NOK → 210.1k NOK (-39.4%). Net result -536.8k NOK → -1.00m NOK. Equity 2.53m NOK → 1.53m NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 346.8k NOK to 210.1k NOK (-39.4% YoY). Calculated
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↓
Operating result weakened
Operating result -641.4k NOK → -1.13m NOK (op. margin -184.9% → -536.5%). Calculated
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↓
Net result weakened
Net result -536.8k NOK → -1.00m NOK (net margin -154.8% → -476.2%). Calculated
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↓
Equity eroded
Book equity 2.53m NOK → 1.53m NOK (equity ratio 47.2% → 16.7%). Calculated
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↓
Cash fell
Bank deposits 470.3k NOK → 112.2k NOK (-76.2% YoY). Calculated