NORWEGIAN PROPERTY ASA: årsregnskap 2017 vs 2016
Grew 18% on revenue, slipped into loss, cash halved-plus
approved 2018-02-08; registry 2018-05-08; journal 2018 304231
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for NORWEGIAN PROPERTY ASA. Revenue 36.20m NOK → 42.80m NOK (+18.2%). Net result +764.5k NOK → -256.81m NOK. Equity 3.27bn NOK → 2.85bn NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: fell into a net loss; 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 NORWEGIAN PROPERTY ASA.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 36.20m NOK to 42.80m NOK (+18.2% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.04× → 3.77×. Calculated
What deteriorated
-
↓
Fell into a net loss
Net result flipped from 764.5k NOK profit to a loss of 256.81m NOK. Calculated
-
↓
Equity eroded
Book equity 3.27bn NOK → 2.85bn NOK (equity ratio 23.0% → 27.9%). Calculated
-
↓
Cash fell
Bank deposits 46.20m NOK → 5.94m NOK (-87.1% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (46.20m NOK → 5.94m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 3.27bn NOK → 2.85bn NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Book investments changed
Investment / intangible book value 12.87bn NOK → 9.12bn NOK. Reported fact