NORBIT ASA: årsregnskap 2017 vs 2016
Grew 13% on revenue, returned to profit, fresh owner capital
approved 2018-03-19; registry 2018-09-06; journal 2018 922411
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for NORBIT ASA. Revenue 310.24m NOK → 350.12m NOK (+12.9%). Net result -6.22m NOK → +29.77m NOK. Equity 66.91m NOK → 87.29m NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened.
Also worth watching: cogs moved; 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 310.24m NOK to 350.12m NOK (+12.9% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 6.22m NOK to a profit of 29.77m NOK. Calculated
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↑
Equity strengthened
Book equity 66.91m NOK → 87.29m NOK (equity ratio 30.5% → 34.3%). Calculated
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Cash rose
Bank deposits 351.0k NOK → 369.9k NOK (+5.4% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.81× → 1.11×. Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 29.7k NOK → 4.43m NOK (+14822.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 134.55m NOK → 150.53m NOK. Reported fact