REACH SUBSEA ASA: årsregnskap 2017 vs 2016
Shrank 100% on revenue, weaker earnings, fresh owner capital
approved 2018-04-26; registry 2018-08-02; journal 2018 855125
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for REACH SUBSEA ASA. Revenue 327.49m NOK → 360.2k NOK (-99.9%). Net result -23.21m NOK → -30.77m NOK. Equity 172.7k NOK → 220.7k NOK.
On the constructive side: equity strengthened; cash rose; owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for REACH SUBSEA ASA.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 172.7k NOK → 220.7k NOK (equity ratio 99.4% → 99.4%). Calculated
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↑
Cash rose
Bank deposits 5.38m NOK → 19.41m NOK (+260.7% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 172.2k NOK → 220.7k NOK (+48.5k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 327.49m NOK to 360.2k NOK (-99.9% YoY). Calculated
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↓
Operating result weakened
Operating result -14.28m NOK → -37.92m NOK (op. margin -4.4% → -10529.6%). Calculated
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↓
Net result weakened
Net result -23.21m NOK → -30.77m NOK (net margin -7.1% → -8542.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 113675.73× → 0.45× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 56.85m NOK → 34.85m NOK. Reported fact