Org.nr 914 807 077 2017 → 2018 Year-over-year analysis

A/S Norske Shell: årsregnskap 2018 vs 2017

Mixed movements in the accounts

approved 2019-04-02; registry 2019-07-06; journal 2019 616165

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for A/S Norske Shell. Revenue 25.95bn NOK → 26.52bn NOK (+2.2%). Equity 3.01bn NOK → 1.44bn NOK.

On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded.

Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A/S Norske Shell.

At a glance

Revenue

25.95bn NOK 26.52bn NOK

+2.2%

Operating result

+12.54bn NOK +17.22bn NOK

+37.3%

Net result

+3.17bn NOK n/m

—

Equity

3.01bn NOK 1.44bn NOK

-52.3%

Cash

49.00m NOK 79.00m NOK

+61.2%

Total assets

30.55bn NOK 25.43bn NOK

-16.8%

↑
Revenue rose

Operating income / revenue moved from 25.95bn NOK to 26.52bn NOK (+2.2% YoY). Calculated
↑
Operating result improved

Operating result +12.54bn NOK → +17.22bn NOK (op. margin 48.3% → 64.9%). Calculated
↑
Cash rose

Bank deposits 49.00m NOK → 79.00m NOK (+61.2% YoY). Calculated

↓
Equity eroded

Book equity 3.01bn NOK → 1.44bn NOK (equity ratio 9.9% → 5.7%). Calculated

·
Thin equity buffer

Equity ratio is 5.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Book investments changed

Investment / intangible book value 992.00m NOK → 1.10m NOK. Reported fact