POLARIS MEDIA ASA: årsregnskap 2016 vs 2015
Grew 9024% on revenue, slipped into loss
approved 2017-02-15; registry 2017-07-04; journal 2017 589051
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for POLARIS MEDIA ASA. Revenue 16.67m NOK → 1.52bn NOK (+9024.3%). Net result +938.36m NOK → -110.72m NOK. Equity 483.85m NOK → 504.3k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for POLARIS MEDIA ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 16.67m NOK to 1.52bn NOK (+9024.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -35.26m NOK → -37.03m NOK (op. margin -211.5% → -2.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 938.36m NOK profit to a loss of 110.72m NOK. Calculated
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↓
Equity eroded
Book equity 483.85m NOK → 504.3k NOK (equity ratio 52.5% → 0.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 305.85m NOK → 305.83m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 16.23m NOK → 16.22m NOK (-0.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 83.24m NOK → 795.96m NOK. Reported fact