SELVAAG BOLIG ASA: årsregnskap 2016 vs 2015
Grew 161% on revenue, cash halved-plus
approved 2017-04-21; registry 2017-05-18; journal 2017 325629
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for SELVAAG BOLIG ASA. Revenue 68.69m NOK → 179.35m NOK (+161.1%). Net result +279.4k NOK → +300.9k NOK. Equity 2.50bn NOK → 2.67bn NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs fell. All figures are taken from the published annual accounts for SELVAAG BOLIG ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 68.69m NOK to 179.35m NOK (+161.1% YoY). Calculated
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Net result improved
Net result +279.4k NOK → +300.9k NOK (net margin 0.4% → 0.2%). Calculated
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Equity strengthened
Book equity 2.50bn NOK → 2.67bn NOK (equity ratio 59.0% → 59.5%). Calculated
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Current ratio back above 1×
Current ratio 0.00× → 2.35×. Calculated
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Owners injected capital
Paid-in equity rose 2.50bn NOK → 2.67bn NOK (+169.57m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +404.34m NOK → +393.90m NOK (op. margin 588.6% → 219.6%). Calculated
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↓
Cash fell
Bank deposits 235.39m NOK → 264.0k NOK (-99.9% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (235.39m NOK → 264.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 97.06m NOK → 10.12bn NOK (141% → 5642% of revenue). Calculated
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COGS fell
COGS / varekostnad 3.52m NOK → 3.51m NOK (-0.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 3.21bn NOK → 3.60bn NOK. Reported fact