EQVA ASA: årsregnskap 2018 vs 2017
Grew 47% on revenue, weaker earnings
approved 2019-05-07; registry 2019-08-07; journal 2019 891740
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for EQVA ASA. Revenue 43.55m NOK → 63.81m NOK (+46.5%). Net result -59.72m NOK → -192.73m NOK. Equity 13.16bn NOK → 13 NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; book investments changed. All figures are taken from the published annual accounts for EQVA ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 43.55m NOK to 63.81m NOK (+46.5% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 23.77m NOK → 23.77m NOK (+1 865 NOK). Reported fact
What deteriorated
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↓
Net result weakened
Net result -59.72m NOK → -192.73m NOK (net margin -137.1% → -302.1%). Calculated
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↓
Equity eroded
Book equity 13.16bn NOK → 13 NOK (equity ratio 3764.0% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 2.92m NOK → 2.56m NOK (-12.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 26.79m NOK → 31.79m NOK (62% → 50% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 6.23m NOK → 2.00m NOK. Reported fact