DNO ASA: årsregnskap 2018 vs 2017
Grew 42% on revenue, stronger earnings
approved 2019-05-29; registry 2019-06-22; journal 2019 489154
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for DNO ASA. Revenue 10.71m NOK → 15.19m NOK (+41.8%). Net result +114.04m NOK → +354.00m NOK. Equity 221.7k NOK → 600.0k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for DNO ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 10.71m NOK to 15.19m NOK (+41.8% YoY). Calculated
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Net result improved
Net result +114.04m NOK → +354.00m NOK (net margin 1065.1% → 2331.2%). Calculated
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Equity strengthened
Book equity 221.7k NOK → 600.0k NOK (equity ratio 28.2% → 48.3%). Calculated
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Cash rose
Bank deposits 388.5k NOK → 638.2k NOK (+64.3% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.03× → 14.20×. Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 11.31m NOK → 11.26m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 374.62m NOK → 589.9k NOK. Reported fact