ATLANTIC SAPPHIRE ASA: årsregnskap 2018 vs 2017
Grew 233% on revenue, slipped into loss, cash halved-plus
approved 2019-06-20; registry 2019-07-03; journal 2019 594083
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ATLANTIC SAPPHIRE ASA. Revenue 1.90m NOK → 6.32m NOK (+232.7%). Net result 0 NOK → -6 604 NOK. Equity 768.19m NOK → 1.34bn NOK.
On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: fell into a net loss; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for ATLANTIC SAPPHIRE ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.90m NOK to 6.32m NOK (+232.7% YoY). Calculated
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↑
Equity strengthened
Book equity 768.19m NOK → 1.34bn NOK (equity ratio 99.8% → 99.9%). Calculated
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↑
Owners injected capital
Paid-in equity rose 753.84m NOK → 1.32bn NOK (+570.45m NOK). Reported fact
What deteriorated
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↓
Fell into a net loss
Net result flipped from 0 NOK profit to a loss of 6 604 NOK. Calculated
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↓
Cash fell
Bank deposits 351.60m NOK → 82.08m NOK (-76.7% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (351.60m NOK → 82.08m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 2.47m NOK → 3.61m NOK (130% → 57% of revenue). Calculated
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COGS moved
COGS / varekostnad 3.17m NOK → 5.46m NOK (+72.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 417.48m NOK → 40.0k NOK. Reported fact