FirmaIQ
Org.nr 920 639 674 2017 → 2018 Year-over-year analysis

BORGESTAD ASA: årsregnskap 2018 vs 2017

Weaker earnings, cash halved-plus

approved 2019-06-04; registry 2019-07-15; journal 2019 702744

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for BORGESTAD ASA. Revenue 10.38m NOK → 9.96m NOK (-4.1%). Net result +52.03m NOK → +6.26m NOK. Equity 445.1k NOK → 431.59m NOK.

On the constructive side: equity strengthened; owners injected capital. Pressures included: revenue fell; net result weakened; cash fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for BORGESTAD ASA.

At a glance

Scorecard

Revenue
10.38m NOK 9.96m NOK
-4.1%
Operating result
n/m -4.93m NOK
—
Net result
+52.03m NOK +6.26m NOK
-88.0%
Equity
445.1k NOK 431.59m NOK
+96861.2%
Cash
15.26m NOK 6.65m NOK
-56.4%
Total assets
796.12m NOK 778.91m NOK
-2.2%

What improved

  • ↑

    Equity strengthened

    Book equity 445.1k NOK → 431.59m NOK (equity ratio 0.1% → 55.4%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 96.76m NOK → 96.83m NOK (+75.0k NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 10.38m NOK to 9.96m NOK (-4.1% YoY). Calculated

  • ↓

    Net result weakened

    Net result +52.03m NOK → +6.26m NOK (net margin 501.1% → 62.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 15.26m NOK → 6.65m NOK (-56.4% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 172.17× → 0.26× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

  • ↓

    COGS moved

    COGS / varekostnad 4.28m NOK → 4.29m NOK (+0.3% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 727.06m NOK → 753.9k NOK. Reported fact