HYDROGENPRO ASA: årsregnskap 2018 vs 2017
Shrank 100% on revenue
approved 2019-06-07; registry 2019-07-11; journal 2019 691150
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for HYDROGENPRO ASA. Revenue 543.9k NOK → 12 NOK (-100.0%). Equity -5.39m NOK → -13.97m NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 209.0k NOK → 730.5k NOK (+249.5% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.14× → 2.24×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 543.9k NOK to 12 NOK (-100.0% YoY). Calculated
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↓
Operating result weakened
Operating result -4.24m NOK → -7.60m NOK (op. margin -778.9% → -63297383.3%). Calculated
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↓
Equity eroded
Book equity -5.39m NOK → -13.97m NOK (equity ratio -231.0% → -94.5%). Calculated
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↓
Payroll up without matching revenue
Salary cost 1 NOK → 5.01m NOK (0% → 41765733% of revenue). Calculated