VOIM ASA: årsregnskap 2016 vs 2015
Shrank 64% on revenue, weaker earnings
approved 2017-04-25; registry 2017-07-18; journal 2017 711790
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for VOIM ASA. Revenue 897.34m NOK → 319.34m NOK (-64.4%). Net result -76.72m NOK → -447.04m NOK. Equity 988.53m NOK → 586.25m NOK.
On the constructive side: cash rose; owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for VOIM ASA.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 267.1k NOK → 52.38m NOK (+19509.2% YoY). Calculated
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Owners injected capital
Paid-in equity rose 1.32bn NOK → 1.32bn NOK (+2.05m NOK). Reported fact
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↑
Payroll decreased
Salary cost 44.83m NOK → 6.19m NOK (5% → 2% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 897.34m NOK to 319.34m NOK (-64.4% YoY). Calculated
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Operating result weakened
Operating result -142.07m NOK → -217.67m NOK (op. margin -15.8% → -68.2%). Calculated
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↓
Net result weakened
Net result -76.72m NOK → -447.04m NOK (net margin -8.5% → -140.0%). Calculated
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↓
Equity eroded
Book equity 988.53m NOK → 586.25m NOK (equity ratio 57328.7% → 47.0%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 4.36m NOK → 4.13m NOK (-5.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 68.53m NOK → 24 NOK. Reported fact