TOMRA SYSTEMS ASA: årsregnskap 2017 vs 2016
Shrank 9% on revenue, stronger earnings
approved 2018-04-24; registry 2018-05-08; journal 2018 302351
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for TOMRA SYSTEMS ASA. Revenue 1.49bn NOK → 1.35bn NOK (-9.3%). Net result +738.0k NOK → +426.00m NOK. Equity 1.75bn NOK → 1.82bn NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; current ratio dropped below 1×.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for TOMRA SYSTEMS ASA.
At a glance
Scorecard
What improved
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Net result improved
Net result +738.0k NOK → +426.00m NOK (net margin 0.0% → 31.6%). Calculated
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Equity strengthened
Book equity 1.75bn NOK → 1.82bn NOK (equity ratio 40.3% → 35.7%). Calculated
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Cash rose
Bank deposits 110 NOK → 71.00m NOK (+64545354.5% YoY). Calculated
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Payroll decreased
Salary cost 17.21m NOK → 17.19m NOK (1% → 1% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.49bn NOK to 1.35bn NOK (-9.3% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 621.17× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 2.88m NOK → 2.70m NOK (-6.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 3.82bn NOK → 4.16bn NOK. Reported fact