FirmaIQ
Org.nr 998 548 217 2015 → 2016 Year-over-year analysis

NOREXECO ASA: årsregnskap 2016 vs 2015

Shrank 100% on revenue, fresh owner capital

approved 2017-05-05; registry 2017-07-19; journal 2017 724106

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for NOREXECO ASA. Revenue 591.6k NOK → 1 133 NOK (-99.8%). Equity 18.10m NOK → 19.85m NOK.

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

Also worth watching: book investments changed. All figures are taken from the published annual accounts for NOREXECO ASA.

At a glance

Scorecard

Revenue
591.6k NOK 1 133 NOK
-99.8%
Operating result
-11.85m NOK n/m
—
Equity
18.10m NOK 19.85m NOK
+9.6%
Cash
4.80m NOK 13.68m NOK
+184.8%
Total assets
21.47m NOK 30.91m NOK
+44.0%

What improved

  • ↑

    Equity strengthened

    Book equity 18.10m NOK → 19.85m NOK (equity ratio 84.3% → 64.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 4.80m NOK → 13.68m NOK (+184.8% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 37.10m NOK → 54.37m NOK (+17.27m NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 591.6k NOK to 1 133 NOK (-99.8% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 7.57m NOK → 7.87m NOK (1279% → 694536% of revenue). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 95.0k NOK → 80.0k NOK. Reported fact