Org.nr 919 160 675 2015 → 2016 Year-over-year analysis

VÅR ENERGI ASA: årsregnskap 2016 vs 2015

Grew 9% on revenue, cash halved-plus

approved 2017-04-05; registry 2017-06-17; journal 2017 470103

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for VÅR ENERGI ASA. Revenue 12.71bn NOK → 13.86bn NOK (+9.0%). Equity 5.62bn NOK → 5.33bn NOK.

On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.

Also worth watching: sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for VÅR ENERGI ASA.

At a glance

Revenue

12.71bn NOK 13.86bn NOK

+9.0%

Equity

5.62bn NOK 5.33bn NOK

-5.2%

Cash

456.79m NOK 1.04m NOK

-99.8%

Total assets

54.83bn NOK 51.97bn NOK

-5.2%

↑
Revenue rose

Operating income / revenue moved from 12.71bn NOK to 13.86bn NOK (+9.0% YoY). Calculated

↓
Equity eroded

Book equity 5.62bn NOK → 5.33bn NOK (equity ratio 10.3% → 10.3%). Calculated
↓
Cash fell

Bank deposits 456.79m NOK → 1.04m NOK (-99.8% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (456.79m NOK → 1.04m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
Payroll increased

Salary cost 920.8k NOK → 754.42m NOK (0% → 5% of revenue). Calculated