NORDIC MINING ASA: årsregnskap 2017 vs 2016
Shrank 20% on revenue, stronger earnings, cash halved-plus
approved 2018-05-29; registry 2018-06-15; journal 2018 479449
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for NORDIC MINING ASA. Revenue 11.97m NOK → 9.52m NOK (-20.5%). Net result -26.91m NOK → -26.9k NOK. Equity 214.18m NOK → 232.15m NOK.
On the constructive side: net result improved; equity strengthened; payroll decreased. Pressures included: revenue fell; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for NORDIC MINING ASA.
At a glance
Scorecard
What improved
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Net result improved
Net result -26.91m NOK → -26.9k NOK (net margin -224.8% → -0.3%). Calculated
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Equity strengthened
Book equity 214.18m NOK → 232.15m NOK (equity ratio 98.6% → 98.3%). Calculated
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Payroll decreased
Salary cost 8.48m NOK → 8.09m NOK (71% → 85% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 11.97m NOK to 9.52m NOK (-20.5% YoY). Calculated
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Cash fell
Bank deposits 65.34m NOK → 21.70m NOK (-66.8% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (65.34m NOK → 21.70m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Paid-in equity reduced
Paid-in equity fell 395.95m NOK → 232.15m NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 4.91m NOK → 786.1k NOK (-84.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 26.15m NOK → 212.70m NOK. Reported fact