SCATEC ASA: årsregnskap 2017 vs 2016
Grew 793% on revenue, stronger earnings, cash halved-plus
approved 2018-05-23; registry 2018-06-04; journal 2018 398337
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for SCATEC ASA. Revenue 54.62m NOK → 487.71m NOK (+793.0%). Net result +3.50m NOK → +339.10m NOK. Equity 732.36m NOK → 1.02m NOK.
On the constructive side: revenue rose; net result improved; owners injected capital. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for SCATEC ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 54.62m NOK to 487.71m NOK (+793.0% YoY). Calculated
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Net result improved
Net result +3.50m NOK → +339.10m NOK (net margin 6.4% → 69.5%). Calculated
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Owners injected capital
Paid-in equity rose 821.4k NOK → 1.20m NOK (+375.8k NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 732.36m NOK → 1.02m NOK (equity ratio 31.6% → 0.0%). Calculated
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Cash fell
Bank deposits 278.25m NOK → 331.9k NOK (-99.9% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (278.25m NOK → 331.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 55.10m NOK → 61.51m NOK (101% → 13% of revenue). Calculated
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COGS moved
COGS / varekostnad 10 NOK → 10.43bn NOK (+104297959900.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 1.06bn NOK → 1.54bn NOK. Reported fact