NORSKE SKOG ASA: årsregnskap 2017 vs 2016
Weaker earnings
approved 2018-06-20; registry 2018-08-22; journal 2018 916400
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for NORSKE SKOG ASA. Revenue 11.85bn NOK → 11.53bn NOK (-2.7%). Net result -971.00m NOK → -3.55bn NOK. Equity 2.32bn NOK → -920.00m NOK.
On the constructive side: operating result improved; cash rose; current ratio back above 1×. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for NORSKE SKOG ASA.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -947.00m NOK → -7.00m NOK (op. margin -8.0% → -0.1%). Calculated
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↑
Cash rose
Bank deposits 0 NOK → 100.00m NOK (None YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 49.75×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 11.85bn NOK to 11.53bn NOK (-2.7% YoY). Calculated
-
↓
Net result weakened
Net result -971.00m NOK → -3.55bn NOK (net margin -8.2% → -30.8%). Calculated
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↓
Equity eroded
Book equity 2.32bn NOK → -920.00m NOK (equity ratio 35.3% → -20.4%). Calculated
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↓
COGS moved
COGS / varekostnad 8.02bn NOK → 8.16bn NOK (+1.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -20.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 2.32bn NOK → 300.00m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 6.51bn NOK → 4.25bn NOK. Reported fact