FirmaIQ
Org.nr 891 797 702 2015 → 2016 Year-over-year analysis

NORTH ENERGY ASA: årsregnskap 2016 vs 2015

Shrank 79% on revenue

approved 2017-06-01; registry 2017-06-22; journal 2017 499156

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for NORTH ENERGY ASA. Revenue 5.37m NOK → 1.15m NOK (-78.6%). Net result -104.24m NOK → -117.90m NOK. Equity 309.69m NOK → 190.49m NOK.

On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.

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

At a glance

Scorecard

Revenue
5.37m NOK 1.15m NOK
-78.6%
Operating result
-500.47m NOK n/m
—
Net result
-104.24m NOK -117.90m NOK
-13.1%
Equity
309.69m NOK 190.49m NOK
-38.5%
Cash
34.64m NOK 57.53m NOK
+66.1%
Total assets
647.00m NOK 198.13m NOK
-69.4%

What improved

  • ↑

    Cash rose

    Bank deposits 34.64m NOK → 57.53m NOK (+66.1% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 40.29m NOK → 10.28m NOK (751% → 895% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 5.37m NOK to 1.15m NOK (-78.6% YoY). Calculated

  • ↓

    Net result weakened

    Net result -104.24m NOK → -117.90m NOK (net margin -1942.2% → -10270.3%). Calculated

  • ↓

    Equity eroded

    Book equity 309.69m NOK → 190.49m NOK (equity ratio 47.9% → 96.1%). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 26 NOK → 10.9k NOK. Reported fact