Org.nr 996 819 884 2016 → 2017 Year-over-year analysis

SOILTECH ASA: årsregnskap 2017 vs 2016

Shrank 29% on revenue

approved 2018-03-12; registry 2018-05-29; journal 2018 367298

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for SOILTECH ASA. Revenue 45.09m NOK → 31.87m NOK (-29.3%). Equity 62.69m NOK → 60.66m NOK.

On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; equity eroded; 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

45.09m NOK 31.87m NOK

-29.3%

Operating result

+100.5k NOK +756.2k NOK

+652.6%

Net result

n/m +37.6k NOK

—

Equity

62.69m NOK 60.66m NOK

-3.3%

Cash

39.13m NOK 28.87m NOK

-26.2%

Total assets

74.42m NOK 78.89m NOK

+6.0%

↑
Operating result improved

Operating result +100.5k NOK → +756.2k NOK (op. margin 0.2% → 2.4%). Calculated
↑
Payroll decreased

Salary cost 11.32m NOK → 9.63m NOK (25% → 30% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 45.09m NOK to 31.87m NOK (-29.3% YoY). Calculated
↓
Equity eroded

Book equity 62.69m NOK → 60.66m NOK (equity ratio 84.2% → 76.9%). Calculated
↓
Cash fell

Bank deposits 39.13m NOK → 28.87m NOK (-26.2% YoY). Calculated

·
COGS fell

COGS / varekostnad 22.32m NOK → 14.04m NOK (-37.1% YoY). Calculated
·
Book investments changed

Investment / intangible book value 289.6k NOK → 964.9k NOK. Reported fact