BLUENORD ASA: årsregnskap 2018 vs 2017
Grew 60% on revenue, stronger earnings, cash halved-plus
approved 2019-04-30; registry 2019-07-09; journal 2019 630203
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for BLUENORD ASA. Revenue 10.00m NOK → 16.00m NOK (+60.0%). Net result -418.00m NOK → -143.00m NOK. Equity 371.00m NOK → 654.0k NOK.
On the constructive side: revenue rose; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for BLUENORD ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 10.00m NOK to 16.00m NOK (+60.0% YoY). Calculated
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↑
Net result improved
Net result -418.00m NOK → -143.00m NOK (net margin -4180.0% → -893.8%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 371.00m NOK → 654.0k NOK (equity ratio 42015.9% → 53.7%). Calculated
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↓
Cash fell
Bank deposits 28.00m NOK → 9.00m NOK (-67.9% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (28.00m NOK → 9.00m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 765.0k NOK → 1.06m NOK. Reported fact