NORGESGRUPPEN ASA: årsregnskap 2017 vs 2016
Shrank 100% on revenue
approved 2018-03-21; registry 2018-07-05; journal 2018 615909
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for NORGESGRUPPEN ASA. Revenue 284.33m NOK → 298.1k NOK (-99.9%). Net result +2.44bn NOK → +2.05bn NOK. Equity 10.82bn NOK → 11.55bn NOK.
On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell; net result weakened; cogs moved.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for NORGESGRUPPEN ASA.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 10.82bn NOK → 11.55bn NOK (equity ratio 42.2% → 42.6%). Calculated
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↑
Cash rose
Bank deposits 2.71m NOK → 658.30m NOK (+24164.6% YoY). Calculated
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↑
Payroll decreased
Salary cost 3.24m NOK → 3.20m NOK (1% → 1074% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 284.33m NOK to 298.1k NOK (-99.9% YoY). Calculated
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↓
Net result weakened
Net result +2.44bn NOK → +2.05bn NOK (net margin 858.0% → 687247.0%). Calculated
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↓
COGS moved
COGS / varekostnad 58.60bn NOK → 63.30bn NOK (+8.0% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 1.83bn NOK → 1.83bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 726 NOK → 726.0k NOK. Reported fact