SCATEC ASA: årsregnskap 2016 vs 2015
Shrank 93% on revenue, weaker earnings
approved 2017-04-24; registry 2017-06-06; journal 2017 375155
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for SCATEC ASA. Revenue 789.00m NOK → 54.62m NOK (-93.1%). Net result +67.65m NOK → +3.50m NOK. Equity 814.20m NOK → 732.36m NOK.
On the constructive side: cash rose; current ratio back above 1×; owners injected capital. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for SCATEC ASA.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 376.7k NOK → 278.25m NOK (+73769.0% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 2611.96×. Calculated
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↑
Owners injected capital
Paid-in equity rose 810.2k NOK → 821.4k NOK (+11.2k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 789.00m NOK to 54.62m NOK (-93.1% YoY). Calculated
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↓
Net result weakened
Net result +67.65m NOK → +3.50m NOK (net margin 8.6% → 6.4%). Calculated
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↓
Equity eroded
Book equity 814.20m NOK → 732.36m NOK (equity ratio 31.0% → 31.6%). Calculated
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↓
Payroll up without matching revenue
Salary cost 42.52m NOK → 55.10m NOK (5% → 101% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 10.74bn NOK → 10 NOK (-100.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1.54bn NOK → 1.06bn NOK. Reported fact