NORBIT ASA: årsregnskap 2016 vs 2015
Grew 2172% on revenue, slipped into loss
approved 2017-04-03; registry 2017-07-19; journal 2017 718466
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for NORBIT ASA. Revenue 13.65m NOK → 310.24m NOK (+2172.4%). Net result +702.7k NOK → -6.22m NOK. Equity 65.21m NOK → 66.91m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: fell into a net loss; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for NORBIT ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 13.65m NOK to 310.24m NOK (+2172.4% YoY). Calculated
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↑
Operating result improved
Operating result -1.76m NOK → -1.34m NOK (op. margin -12.9% → -0.4%). Calculated
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↑
Equity strengthened
Book equity 65.21m NOK → 66.91m NOK (equity ratio 29.5% → 30.5%). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 702.7k NOK profit to a loss of 6.22m NOK. Calculated
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↓
Cash fell
Bank deposits 364.7k NOK → 351.0k NOK (-3.8% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 49.6k NOK → 29.7k NOK (-40.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 153.50m NOK → 134.55m NOK. Reported fact