NORDIC FINANCIALS ASA: årsregnskap 2017 vs 2016
Grew 14% on revenue, fresh owner capital
approved 2018-04-30; registry 2018-07-28; journal 2018 812878
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for NORDIC FINANCIALS ASA. Revenue 780.8k NOK → 892.2k NOK (+14.3%). Equity 83.23m NOK → 61.06m NOK.
On the constructive side: revenue rose; operating result improved; owners injected capital. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for NORDIC FINANCIALS ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 780.8k NOK to 892.2k NOK (+14.3% YoY). Calculated
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Operating result improved
Operating result -12.28m NOK → -1.94m NOK (op. margin -1573.0% → -217.8%). Calculated
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Owners injected capital
Paid-in equity rose 95.17m NOK → 118.25m NOK (+23.08m NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 83.23m NOK → 61.06m NOK (equity ratio 91.7% → 82.7%). Calculated
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↓
Cash fell
Bank deposits 688.1k NOK → 384.7k NOK (-44.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 7.12× → 0.37× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 88.11m NOK → 69.09m NOK. Reported fact