TECHSTEP ASA: årsregnskap 2016 vs 2015
Weaker earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for TECHSTEP ASA. Revenue 0 NOK → 300.0k NOK. Net result -21.98m NOK → -27.43m NOK. Equity 36.78m NOK → 275.55m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for TECHSTEP ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 300.0k NOK. Calculated
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↑
Equity strengthened
Book equity 36.78m NOK → 275.55m NOK (equity ratio 97.0% → 98.1%). Calculated
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↑
Cash rose
Bank deposits 15.09m NOK → 16.95m NOK (+12.4% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 48.43m NOK → 314.64m NOK (+266.20m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -7.34m NOK → -33.18m NOK. Calculated
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↓
Net result weakened
Net result -21.98m NOK → -27.43m NOK. Calculated
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↓
Current ratio dropped below 1×
Current ratio 31.76× → 0.04× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 99.79m NOK → 18.10bn NOK. Calculated
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·
COGS fell
COGS / varekostnad 447.47m NOK → 405.21m NOK (-9.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 0 NOK → 257.33m NOK. Reported fact