Org.nr 984 648 820 2016 → 2017 Year-over-year analysis

NORDA ASA: årsregnskap 2017 vs 2016

Shrank 18% on revenue

approved 2018-06-13; registry 2018-07-28; journal 2018 801152

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for NORDA ASA. Revenue 75.81m NOK → 62.38m NOK (-17.7%). Equity 8.15bn NOK → 8.17bn NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.

Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for NORDA ASA.

At a glance

Revenue

75.81m NOK 62.38m NOK

-17.7%

Equity

8.15bn NOK 8.17bn NOK

+0.2%

Cash

4.89m NOK 4.08m NOK

-16.7%

Total assets

267.17m NOK 491.40m NOK

+83.9%

↑
Equity strengthened

Book equity 8.15bn NOK → 8.17bn NOK (equity ratio 3051.7% → 1663.1%). Calculated

↓
Revenue fell

Operating income / revenue moved from 75.81m NOK to 62.38m NOK (-17.7% YoY). Calculated
↓
Cash fell

Bank deposits 4.89m NOK → 4.08m NOK (-16.7% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 931.9k NOK → 1.09m NOK (1% → 2% of revenue). Calculated

·
Paid-in equity reduced

Paid-in equity fell 23.47m NOK → 23.39m NOK — check capital reduction, conversion, or reclassification. Interpretation
·
Book investments changed

Investment / intangible book value 36.04m NOK → 31.23m NOK. Reported fact