SOLVANG ASA: årsregnskap 2016 vs 2015
Grew 37% on revenue, weaker earnings
approved 2017-05-15; registry 2017-07-01; journal 2017 552230
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for SOLVANG ASA. Revenue 57.13m NOK → 78.42m NOK (+37.3%). Net result +581.0k NOK → +223.0k NOK. Equity 503.17m NOK → 521.6k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for SOLVANG ASA.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 57.13m NOK to 78.42m NOK (+37.3% YoY). Calculated
-
↑
Operating result improved
Operating result +2.21m NOK → +11.29m NOK (op. margin 3.9% → 14.4%). Calculated
-
↑
Cash rose
Bank deposits 12.07m NOK → 53.92m NOK (+346.7% YoY). Calculated
What deteriorated
-
↓
Net result weakened
Net result +581.0k NOK → +223.0k NOK (net margin 1.0% → 0.3%). Calculated
-
↓
Equity eroded
Book equity 503.17m NOK → 521.6k NOK (equity ratio 81.1% → 83.6%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 209.88× → 0.73× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 555.77m NOK → 552.63m NOK. Reported fact