REACH SUBSEA ASA: årsregnskap 2016 vs 2015
Grew 51525% on revenue, slipped into loss, cash halved-plus
approved 2017-04-24; registry 2017-07-05; journal 2017 598835
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for REACH SUBSEA ASA. Revenue 634.4k NOK → 327.49m NOK (+51525.0%). Net result +5.81m NOK → -23.21m NOK. Equity 162.9k NOK → 172.7k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; fell into a net loss; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for REACH SUBSEA ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 634.4k NOK to 327.49m NOK (+51525.0% YoY). Calculated
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↑
Equity strengthened
Book equity 162.9k NOK → 172.7k NOK (equity ratio 99.7% → 99.4%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +11.36m NOK → -14.28m NOK (op. margin 1790.4% → -4.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 5.81m NOK profit to a loss of 23.21m NOK. Calculated
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↓
Cash fell
Bank deposits 82.86m NOK → 5.38m NOK (-93.5% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (82.86m NOK → 5.38m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Paid-in equity reduced
Paid-in equity fell 12.16m NOK → 172.2k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 53.88m NOK → 68.43m NOK (8494% → 21% of revenue). Calculated
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COGS moved
COGS / varekostnad 29.09m NOK → 43.95m NOK (+51.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 23.86m NOK → 56.85m NOK. Reported fact