NORWEGIAN PROPERTY ASA: årsregnskap 2016 vs 2015
Shrank 43% on revenue, weaker earnings
approved 2017-02-09; registry 2017-04-24; journal 2017 289423
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for NORWEGIAN PROPERTY ASA. Revenue 64.00m NOK → 36.20m NOK (-43.4%). Net result +480.20m NOK → +764.5k NOK. Equity 3.47bn NOK → 3.27bn NOK.
On the constructive side: cash rose. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for NORWEGIAN PROPERTY ASA.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 42.00m NOK → 46.20m NOK (+10.0% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 64.00m NOK to 36.20m NOK (-43.4% YoY). Calculated
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↓
Net result weakened
Net result +480.20m NOK → +764.5k NOK (net margin 750.3% → 2.1%). Calculated
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↓
Equity eroded
Book equity 3.47bn NOK → 3.27bn NOK (equity ratio 23.8% → 23.0%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 3.47bn NOK → 3.27bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 13.31bn NOK → 12.87bn NOK. Reported fact