DNO ASA: årsregnskap 2019 vs 2018
Grew 35% on revenue, slipped into loss
approved 2020-05-27; registry 2020-06-27; journal 2020 489657
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for DNO ASA. Revenue 15.19m NOK → 20.47m NOK (+34.8%). Net result +354.00m NOK → -18.07m NOK. Equity 600.0k NOK → 11.48m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: fell into a net loss.
Also worth watching: thin equity buffer; 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 15.19m NOK to 20.47m NOK (+34.8% YoY). Calculated
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↑
Equity strengthened
Book equity 600.0k NOK → 11.48m NOK (equity ratio 48.3% → 0.8%). Calculated
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↑
Cash rose
Bank deposits 638.2k NOK → 389.03m NOK (+60855.9% YoY). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 354.00m NOK profit to a loss of 18.07m NOK. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 11.26m NOK → 281.1k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 589.9k NOK → 1.06m NOK. Reported fact