SAGA PURE ASA: årsregnskap 2017 vs 2016
Grew 3073% on revenue, returned to profit, cash halved-plus
approved 2018-05-31; registry 2018-08-15; journal 2018 911698
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for SAGA PURE ASA. Revenue 4.63m NOK → 146.93m NOK (+3073.0%). Net result -96.44m NOK → +139.45m NOK. Equity 555.80m NOK → 304.01m NOK.
On the constructive side: revenue rose; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for SAGA PURE ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.63m NOK to 146.93m NOK (+3073.0% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 96.44m NOK to a profit of 139.45m NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 555.80m NOK → 304.01m NOK (equity ratio 99.5% → 92.0%). Calculated
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↓
Cash fell
Bank deposits 140.20m NOK → 2.15m NOK (-98.5% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (140.20m NOK → 2.15m 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 1.25bn NOK → 862.24m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 166.27m NOK → 302.77m NOK. Reported fact