ELOPAK ASA: årsregnskap 2018 vs 2017
Grew 12% on revenue, weaker earnings
approved 2019-04-10; registry 2019-08-10; journal 2019 909870
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ELOPAK ASA. Revenue 447.4k NOK → 500.9k NOK (+12.0%). Net result +23.29m NOK → +567 NOK. Equity 174.5k NOK → 108.74m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: net result weakened; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for ELOPAK ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 447.4k NOK to 500.9k NOK (+12.0% YoY). Calculated
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↑
Equity strengthened
Book equity 174.5k NOK → 108.74m NOK (equity ratio 28.2% → 17288.3%). Calculated
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↑
Cash rose
Bank deposits 5.99m NOK → 8.21m NOK (+37.0% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +23.29m NOK → +567 NOK (net margin 5206.2% → 0.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 930.80× → 0.93× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 81.00m NOK → 79.29m NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 376.49m NOK → 433.3k NOK (-99.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 357.7k NOK → 353.26m NOK. Reported fact