AKVA GROUP ASA: årsregnskap 2018 vs 2017
Grew 95372% on revenue
approved 2019-05-09; registry 2019-06-24; journal 2019 517158
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AKVA GROUP ASA. Revenue 858.9k NOK → 819.98m NOK (+95372.1%). Net result +99.69m NOK → +89.70m NOK. Equity 426.00m NOK → 915.9k NOK.
On the constructive side: revenue rose; cash rose; payroll decreased. Pressures included: net result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AKVA GROUP ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 858.9k NOK to 819.98m NOK (+95372.1% YoY). Calculated
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↑
Cash rose
Bank deposits 4.45m NOK → 4.97m NOK (+11.6% YoY). Calculated
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↑
Payroll decreased
Salary cost 4.11bn NOK → 4.12m NOK (478595% → 1% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result +99.69m NOK → +89.70m NOK (net margin 11606.8% → 10.9%). Calculated
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↓
Equity eroded
Book equity 426.00m NOK → 915.9k NOK (equity ratio 38.6% → 0.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 693.85× → 0.48× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 701.6k NOK → 1.41m NOK. Reported fact