BORREGAARD ASA: årsregnskap 2018 vs 2017
Stronger earnings, cash halved-plus
approved 2019-03-13; registry 2019-07-18; journal 2019 745184
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for BORREGAARD ASA. Net result +558.0k NOK → +476.00m NOK. Equity 2.07bn NOK → 2.09bn NOK.
On the constructive side: net result improved; equity strengthened; owners injected capital. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for BORREGAARD ASA.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +558.0k NOK → +476.00m NOK. Calculated
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↑
Equity strengthened
Book equity 2.07bn NOK → 2.09bn NOK (equity ratio 74.2% → 70.0%). Calculated
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↑
Owners injected capital
Paid-in equity rose 1.87bn NOK → 1.87bn NOK (+34.0k NOK). Reported fact
What deteriorated
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↓
Cash fell
Bank deposits 2.69m NOK → 31.0k NOK (-98.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.35× → 0.60× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.69m NOK → 31.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 2.09bn NOK → 2.69bn NOK. Reported fact