WEBSTEP ASA: årsregnskap 2017 vs 2016
Shrank 40% on revenue, weaker earnings, cash halved-plus
approved 2018-03-21; registry 2018-07-10; journal 2018 657754
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for WEBSTEP ASA. Revenue 250.0k NOK → 150.0k NOK (-40.0%). Net result +40.52m NOK → +19.94m NOK. Equity 229.0k NOK → 332.8k NOK.
On the constructive side: operating result improved; equity strengthened; current ratio back above 1×. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for WEBSTEP ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -9.67m NOK → +48.93m NOK (op. margin -3867.2% → 32620.0%). Calculated
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Equity strengthened
Book equity 229.0k NOK → 332.8k NOK (equity ratio 43.3% → 0.1%). Calculated
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Current ratio back above 1×
Current ratio 0.58× → 414.71×. Calculated
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Owners injected capital
Paid-in equity rose 52.76m NOK → 176.18m NOK (+123.43m NOK). Reported fact
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Payroll decreased
Salary cost 4.42m NOK → 7 NOK (1767% → 0% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 250.0k NOK to 150.0k NOK (-40.0% YoY). Calculated
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Net result weakened
Net result +40.52m NOK → +19.94m NOK (net margin 16207.6% → 13294.7%). Calculated
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Cash fell
Bank deposits 504.0k NOK → 628 NOK (-99.9% YoY). Calculated
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COGS moved
COGS / varekostnad 33.84m NOK → 49.33m NOK (+45.8% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 447.6k NOK → 432.35m NOK. Reported fact