OKEA ASA: årsregnskap 2017 vs 2016
Shrank 91% on revenue
approved 2018-04-17; registry 2018-06-16; journal 2018 491397
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for OKEA ASA. Revenue 494.0k NOK → 43.4k NOK (-91.2%). Equity 368.93m NOK → 473.8k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for OKEA ASA.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 37.89m NOK → 937.41m NOK (+2374.1% YoY). Calculated
-
↑
Payroll decreased
Salary cost 13.77m NOK → 11.71m NOK (2788% → 26952% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 494.0k NOK to 43.4k NOK (-91.2% YoY). Calculated
-
↓
Equity eroded
Book equity 368.93m NOK → 473.8k NOK (equity ratio 51.9% → 25.8%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.03× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 374.43m NOK → 495.5k NOK — check capital reduction, conversion, or reclassification. Interpretation