BLUENORD ASA: årsregnskap 2019 vs 2018
Shrank 44% on revenue, returned to profit
approved 2020-04-30; registry 2020-09-16; journal 2020 817234
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for BLUENORD ASA. Revenue 16.00m NOK → 9.00m NOK (-43.8%). Net result -143.00m NOK → +218.00m NOK. Equity 654.0k NOK → 483.00m NOK.
On the constructive side: turned profitable; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for BLUENORD ASA.
At a glance
Scorecard
What improved
-
↑
Turned profitable
Net result flipped from a loss of 143.00m NOK to a profit of 218.00m NOK. Calculated
-
↑
Equity strengthened
Book equity 654.0k NOK → 483.00m NOK (equity ratio 53.7% → 57500.0%). Calculated
-
↑
Cash rose
Bank deposits 9.00m NOK → 228.00m NOK (+2433.3% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.27× → 51.20×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 16.00m NOK to 9.00m NOK (-43.8% YoY). Calculated
-
↓
Operating result weakened
Operating result -4.00m NOK → -16.00m NOK (op. margin -25.0% → -177.8%). Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 72.00m NOK → 737.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Book investments changed
Investment / intangible book value 1.06m NOK → 584.0k NOK. Reported fact