Org.nr 915 501 680 2016 → 2017 Year-over-year analysis

OTOVO ASA: årsregnskap 2017 vs 2016

Grew 4034117% on revenue, fresh owner capital

approved 2018-03-13; registry 2018-04-23; journal 2018 277533

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for OTOVO ASA. Revenue 1 042 NOK → 42.04m NOK (+4034116.9%). Equity 13.14m NOK → 58.31m NOK.

On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for OTOVO ASA.

At a glance

Revenue

1 042 NOK 42.04m NOK

+4034116.9%

Operating result

-9.82m NOK -13.36m NOK

-36.1%

Net result

-9.81m NOK n/m

—

Equity

13.14m NOK 58.31m NOK

+343.7%

Cash

8.14m NOK 59.53m NOK

+631.4%

Total assets

19.42m NOK 76.94m NOK

+296.1%

↑
Revenue rose

Operating income / revenue moved from 1 042 NOK to 42.04m NOK (+4034116.9% YoY). Calculated
↑
Equity strengthened

Book equity 13.14m NOK → 58.31m NOK (equity ratio 67.7% → 75.8%). Calculated
↑
Cash rose

Bank deposits 8.14m NOK → 59.53m NOK (+631.4% YoY). Calculated
↑
Owners injected capital

Paid-in equity rose 23.40m NOK → 81.92m NOK (+58.52m NOK). Reported fact

↓
Operating result weakened

Operating result -9.82m NOK → -13.36m NOK (op. margin -942561.5% → -31.8%). Calculated

·
COGS moved

COGS / varekostnad 669.1k NOK → 41.10m NOK (+6041.9% YoY). Calculated