NORTH ENERGY ASA: årsregnskap 2017 vs 2016
Shrank 100% on revenue, stronger earnings, cash halved-plus
approved 2018-03-21; registry 2018-07-18; journal 2018 718180
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for NORTH ENERGY ASA. Revenue 1.15m NOK → 1 148 NOK (-99.9%). Net result -117.90m NOK → -11.55m NOK. Equity 190.49m NOK → 149.81m NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for NORTH ENERGY ASA.
At a glance
Scorecard
What improved
-
↑
Net result improved
Net result -117.90m NOK → -11.55m NOK (net margin -10270.3% → -1006358.9%). Calculated
-
↑
Payroll decreased
Salary cost 10.28m NOK → -179.0k NOK (895% → -15592% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.15m NOK to 1 148 NOK (-99.9% YoY). Calculated
-
↓
Equity eroded
Book equity 190.49m NOK → 149.81m NOK (equity ratio 96.1% → 98.5%). Calculated
-
↓
Cash fell
Bank deposits 57.53m NOK → 5.05m NOK (-91.2% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (57.53m NOK → 5.05m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 1.12bn NOK → 1.09bn NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Book investments changed
Investment / intangible book value 10.9k NOK → 144.8k NOK. Reported fact