VOW ASA: årsregnskap 2017 vs 2016
Returned to profit, cash halved-plus
approved 2018-04-25; registry 2018-08-02; journal 2018 856927
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for VOW ASA. Revenue 0 NOK → 247.0k NOK. Net result -5.00m NOK → +12.63m NOK. Equity 117.00m NOK → 241.0k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for VOW ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 247.0k NOK. Calculated
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↑
Operating result improved
Operating result -2.00m NOK → +21.94m NOK. Calculated
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↑
Turned profitable
Net result flipped from a loss of 5.00m NOK to a profit of 12.63m NOK. Calculated
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↑
Owners injected capital
Paid-in equity rose 187.00m NOK → 187.46m NOK (+463.0k NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 117.00m NOK → 241.0k NOK (equity ratio 99.2% → 99.8%). Calculated
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↓
Cash fell
Bank deposits 4.00m NOK → 97.0k NOK (-97.6% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (4.00m NOK → 97.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 99.00m NOK → 226.00m NOK. Reported fact