SCANA ASA: årsregnskap 2017 vs 2016
Shrank 29% on revenue, slipped into loss, cash halved-plus
approved 2018-04-06; registry 2018-05-24; journal 2018 340641
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for SCANA ASA. Revenue 23.70m NOK → 16.88m NOK (-28.8%). Net result +28.47m NOK → -33.84m NOK. Equity 322.43m NOK → 227.97m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for SCANA ASA.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 14.34m NOK → 10 NOK (60% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 23.70m NOK to 16.88m NOK (-28.8% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 28.47m NOK profit to a loss of 33.84m NOK. Calculated
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↓
Equity eroded
Book equity 322.43m NOK → 227.97m NOK (equity ratio 47.2% → 47.9%). Calculated
-
↓
Cash fell
Bank deposits 48.57m NOK → 18.67m NOK (-61.6% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (48.57m NOK → 18.67m 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 322.43m NOK → 227.97m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 439.76m NOK → 231.72m NOK. Reported fact