AKASTOR ASA: årsregnskap 2018 vs 2017
Shrank 70% on revenue, slipped into loss, cash halved-plus
approved 2019-03-14; registry 2019-07-23; journal 2019 768415
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AKASTOR ASA. Revenue 27.00m NOK → 8.00m NOK (-70.4%). Net result +664.00m NOK → -194.00m NOK. Equity 4.69bn NOK → 4.39bn NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for AKASTOR ASA.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 8.66bn NOK → 8.42m NOK (32063% → 105% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 27.00m NOK to 8.00m NOK (-70.4% YoY). Calculated
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↓
Operating result weakened
Operating result -20.00m NOK → -29.00m NOK (op. margin -74.1% → -362.5%). Calculated
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↓
Fell into a net loss
Net result flipped from 664.00m NOK profit to a loss of 194.00m NOK. Calculated
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↓
Equity eroded
Book equity 4.69bn NOK → 4.39bn NOK (equity ratio 49.8% → 69.0%). Calculated
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↓
Cash fell
Bank deposits 14.00m NOK → 0 NOK (-100.0% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (14.00m NOK → 0 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 865.00m NOK → 513.0k NOK (-99.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 8.46bn NOK → 5.86bn NOK. Reported fact