GOLDEN ENERGY OFFSHORE SERVICES ASA: årsregnskap 2018 vs 2017
Shrank 30% on revenue, cash halved-plus
approved 2019-05-31; registry 2019-06-26; journal 2019 541132
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for GOLDEN ENERGY OFFSHORE SERVICES ASA. Revenue 86.84m NOK → 61.16m NOK (-29.6%). Equity 73.53m NOK → 269.74m NOK.
On the constructive side: equity strengthened; current ratio back above 1×. Pressures included: revenue fell; cash fell.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for GOLDEN ENERGY OFFSHORE SERVICES ASA.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 73.53m NOK → 269.74m NOK (equity ratio 25.0% → 99.1%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.31× → 42.77×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 86.84m NOK to 61.16m NOK (-29.6% YoY). Calculated
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↓
Cash fell
Bank deposits 35.27m NOK → 15.23m NOK (-56.8% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 291.47m NOK → 192.85m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 0 NOK → 140.41m NOK. Reported fact