OTELLO CORPORATION ASA: årsregnskap 2017 vs 2016
Shrank 25% on revenue, stronger earnings
approved 2018-04-17; registry 2018-07-25; journal 2018 781387
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for OTELLO CORPORATION ASA. Revenue 2.00m NOK → 1.50m NOK (-25.0%). Net result -63.00m NOK → -13.9k NOK. Equity 743.0k NOK → 10.75m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.
Also worth watching: thin equity buffer; 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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Operating result improved
Operating result -11.00m NOK → -8.60m NOK (op. margin -550.0% → -573.3%). Calculated
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Net result improved
Net result -63.00m NOK → -13.9k NOK (net margin -3150.0% → -0.9%). Calculated
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Equity strengthened
Book equity 743.0k NOK → 10.75m NOK (equity ratio 84.7% → 1.4%). Calculated
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Cash rose
Bank deposits 3.00m NOK → 29.30m NOK (+876.7% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.00m NOK to 1.50m NOK (-25.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 286.0k NOK → 205.2k NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 1.00m NOK → 0 NOK (-100.0% YoY). Calculated