Org.nr 983 218 180 2017 → 2018 Year-over-year analysis

MAGNORA ASA: årsregnskap 2018 vs 2017

Grew 61% on revenue, cash halved-plus

approved 2019-04-04; registry 2019-07-13; journal 2019 688592

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for MAGNORA ASA. Revenue 57.00m NOK → 92.00m NOK (+61.4%). Equity 210.00m NOK → 141.00m NOK.

On the constructive side: revenue rose; payroll decreased. Pressures included: equity eroded; cash fell.

Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for MAGNORA ASA.

At a glance

Revenue

57.00m NOK 92.00m NOK

+61.4%

Operating result

n/m +27.00m NOK

—

Equity

210.00m NOK 141.00m NOK

-32.9%

Cash

182.00m NOK 87.00m NOK

-52.2%

Total assets

241.00m NOK 149.00m NOK

-38.2%

↑
Revenue rose

Operating income / revenue moved from 57.00m NOK to 92.00m NOK (+61.4% YoY). Calculated
↑
Payroll decreased

Salary cost 50.00m NOK → 35.00m NOK (88% → 38% of revenue). Calculated

↓
Equity eroded

Book equity 210.00m NOK → 141.00m NOK (equity ratio 87.1% → 94.6%). Calculated
↓
Cash fell

Bank deposits 182.00m NOK → 87.00m NOK (-52.2% YoY). Calculated

·
Paid-in equity reduced

Paid-in equity fell 210.00m NOK → 78.00m NOK — check capital reduction, conversion, or reclassification. Interpretation
·
Book investments changed

Investment / intangible book value 41.00m NOK → 12.00m NOK. Reported fact