ENTRA ASA: årsregnskap 2019 vs 2018
Shrank 100% on revenue, weaker earnings, cash halved-plus
approved 2020-04-30; registry 2020-06-18; journal 2020 455034
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ENTRA ASA. Revenue 24.00m NOK → 119.0k NOK (-99.5%). Net result +2.54bn NOK → +1.13bn NOK. Equity 5.55bn NOK → 5.76bn NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ENTRA ASA.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 5.55bn NOK → 5.76bn NOK (equity ratio 23.0% → 22.5%). Calculated
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↑
Payroll decreased
Salary cost 207.00m NOK → 4.22m NOK (862% → 3550% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 24.00m NOK to 119.0k NOK (-99.5% YoY). Calculated
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↓
Operating result weakened
Operating result -175.00m NOK → -185.00m NOK (op. margin -729.2% → -155462.2%). Calculated
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↓
Net result weakened
Net result +2.54bn NOK → +1.13bn NOK (net margin 10570.8% → 952941.2%). Calculated
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↓
Cash fell
Bank deposits 138.00m NOK → 198.0k NOK (-99.9% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (138.00m NOK → 198.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 3.72bn NOK → 3.71bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 5.00m NOK → 36.00m NOK. Reported fact