OTELLO CORPORATION ASA: årsregnskap 2016 vs 2015
Shrank 99% on revenue, weaker earnings, cash halved-plus
approved 2017-04-28; registry 2017-08-09; journal 2017 840992
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for OTELLO CORPORATION ASA. Revenue 170.00m NOK → 2.00m NOK (-98.8%). Net result -50.00m NOK → -63.00m NOK. Equity 401.0k NOK → 743.0k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for OTELLO CORPORATION ASA.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 401.0k NOK → 743.0k NOK (equity ratio 0.1% → 84.7%). Calculated
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↑
Payroll decreased
Salary cost 5.17m NOK → 5.11m NOK (3% → 256% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 170.00m NOK to 2.00m NOK (-98.8% YoY). Calculated
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↓
Operating result weakened
Operating result +9.00m NOK → -11.00m NOK (op. margin 5.3% → -550.0%). Calculated
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↓
Net result weakened
Net result -50.00m NOK → -63.00m NOK (net margin -29.4% → -3150.0%). Calculated
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↓
Cash fell
Bank deposits 7.00m NOK → 3.00m NOK (-57.1% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 275.00m NOK → 286.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 5.25m NOK → 1.00m NOK (-80.9% YoY). Calculated