HAVILA SHIPPING ASA: årsregnskap 2019 vs 2018
Shrank 100% on revenue, slipped into loss
approved 2020-04-30; registry 2020-08-06; journal 2020 656350
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for HAVILA SHIPPING ASA. Revenue 337.20m NOK → 363.9k NOK (-99.9%). Net result +15 NOK → -894.21m NOK. Equity -235.13m NOK → -1.13bn NOK.
On the constructive side: operating result improved; cash rose. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for HAVILA SHIPPING ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -931.00m NOK → -77.14m NOK (op. margin -276.1% → -21200.1%). Calculated
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Cash rose
Bank deposits 11.75m NOK → 26.16m NOK (+122.6% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 337.20m NOK to 363.9k NOK (-99.9% YoY). Calculated
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Fell into a net loss
Net result flipped from 15 NOK profit to a loss of 894.21m NOK. Calculated
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Equity eroded
Book equity -235.13m NOK → -1.13bn NOK (equity ratio -38.8% → -235.5%). Calculated
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Payroll up without matching revenue
Salary cost 13.28m NOK → 13.31m NOK (4% → 3658% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -235.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 1 850 NOK → 384.98m NOK. Reported fact