NRC GROUP ASA: årsregnskap 2017 vs 2016
Grew 100% on revenue, returned to profit, cash halved-plus
approved 2018-04-19; registry 2018-05-08; journal 2018 303235
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for NRC GROUP ASA. Revenue 5.00m NOK → 10.00m NOK (+100.0%). Net result -28.00m NOK → +156.00m NOK. Equity 11.78m NOK → 11.91m NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; payroll increased; cogs fell. All figures are taken from the published annual accounts for NRC GROUP ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 5.00m NOK to 10.00m NOK (+100.0% YoY). Calculated
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Turned profitable
Net result flipped from a loss of 28.00m NOK to a profit of 156.00m NOK. Calculated
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↑
Equity strengthened
Book equity 11.78m NOK → 11.91m NOK (equity ratio 1306.3% → 684.4%). Calculated
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Owners injected capital
Paid-in equity rose 783.0k NOK → 11.91m NOK (+11.13m NOK). Reported fact
What deteriorated
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↓
Cash fell
Bank deposits 210.00m NOK → 379.0k NOK (-99.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.20× → 0.91× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (210.00m NOK → 379.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 16.00m NOK → 23.00m NOK (320% → 230% of revenue). Calculated
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COGS fell
COGS / varekostnad 343.00m NOK → 4.41m NOK (-98.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 682.0k NOK → 1.11m NOK. Reported fact