PHOTOCURE ASA: årsregnskap 2017 vs 2016
Shrank 100% on revenue, slipped into loss
approved 2018-05-09; registry 2018-06-23; journal 2018 536250
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for PHOTOCURE ASA. Revenue 115.3k NOK → 2 NOK (-100.0%). Net result +41.22m NOK → -27.66m NOK. Equity 471.8k NOK → 447.10m NOK.
On the constructive side: equity strengthened; cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for PHOTOCURE ASA.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 471.8k NOK → 447.10m NOK (equity ratio 93.8% → 91.7%). Calculated
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↑
Cash rose
Bank deposits 25.56m NOK → 28.01m NOK (+9.6% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.01× → 4.62×. Calculated
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↑
Owners injected capital
Paid-in equity rose 65.55m NOK → 68.52m NOK (+2.97m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 115.3k NOK to 2 NOK (-100.0% YoY). Calculated
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↓
Operating result weakened
Operating result -6.42m NOK → -27.65m NOK (op. margin -5570.6% → -1382300000.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 41.22m NOK profit to a loss of 27.66m NOK. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 5 933 NOK → 233.0k NOK. Reported fact