Org.nr 996 819 884 2015 → 2016 Year-over-year analysis

SOILTECH ASA: årsregnskap 2016 vs 2015

Shrank 25% on revenue

approved 2017-03-14; registry 2017-05-29; journal 2017 353604

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for SOILTECH ASA. Revenue 60.20m NOK → 45.09m NOK (-25.1%). Equity 62.11m NOK → 62.69m NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for SOILTECH ASA.

At a glance

Revenue

60.20m NOK 45.09m NOK

-25.1%

Operating result

+15.56m NOK +100.5k NOK

-99.4%

Net result

+12.11m NOK n/m

—

Equity

62.11m NOK 62.69m NOK

+0.9%

Cash

48.19m NOK 39.13m NOK

-18.8%

Total assets

78.67m NOK 74.42m NOK

-5.4%

↑
Equity strengthened

Book equity 62.11m NOK → 62.69m NOK (equity ratio 79.0% → 84.2%). Calculated

↓
Revenue fell

Operating income / revenue moved from 60.20m NOK to 45.09m NOK (-25.1% YoY). Calculated
↓
Operating result weakened

Operating result +15.56m NOK → +100.5k NOK (op. margin 25.8% → 0.2%). Calculated
↓
Cash fell

Bank deposits 48.19m NOK → 39.13m NOK (-18.8% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 10.65m NOK → 11.32m NOK (18% → 25% of revenue). Calculated

·
COGS fell

COGS / varekostnad 22.75m NOK → 22.32m NOK (-1.9% YoY). Calculated
·
Book investments changed

Investment / intangible book value 100.0k NOK → 289.6k NOK. Reported fact