SATS ASA: årsregnskap 2016 vs 2015
Grew 8% on revenue, weaker earnings
approved 2017-06-12; registry 2017-09-16; journal 2017 884916
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for SATS ASA. Revenue 2.88bn NOK → 3.11bn NOK (+7.9%). Net result -755.0k NOK → -75.05m NOK. Equity 1.67bn NOK → 1.63bn NOK.
On the constructive side: revenue rose; current ratio back above 1×; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: paid-in equity reduced; cogs moved. All figures are taken from the published annual accounts for SATS ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.88bn NOK to 3.11bn NOK (+7.9% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.04× → 1.81×. Calculated
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↑
Payroll decreased
Salary cost 188.46m NOK → 5.24m NOK (7% → 0% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +124.09m NOK → +156.0k NOK (op. margin 4.3% → 0.0%). Calculated
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↓
Net result weakened
Net result -755.0k NOK → -75.05m NOK (net margin -0.0% → -2.4%). Calculated
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↓
Equity eroded
Book equity 1.67bn NOK → 1.63bn NOK (equity ratio 67.1% → 65.4%). Calculated
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↓
Cash fell
Bank deposits 204.11m NOK → 124.05m NOK (-39.2% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 2.47bn NOK → 1.63bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS moved
COGS / varekostnad 59.53m NOK → 60.19m NOK (+1.1% YoY). Calculated