Org.nr 983 218 180 2018 → 2019 Year-over-year analysis

MAGNORA ASA: årsregnskap 2019 vs 2018

Shrank 54% on revenue

approved 2020-03-30; registry 2020-07-29; journal 2020 621100

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for MAGNORA ASA. Revenue 92.00m NOK → 42.00m NOK (-54.3%). Equity 141.00m NOK → 111.00m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.

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

92.00m NOK 42.00m NOK

-54.3%

Operating result

+27.00m NOK +23.00m NOK

-14.8%

Net result

n/m +20.00m NOK

—

Equity

141.00m NOK 111.00m NOK

-21.3%

Cash

87.00m NOK 54.00m NOK

-37.9%

Total assets

149.00m NOK 112.00m NOK

-24.8%

↑
Payroll decreased

Salary cost 35.00m NOK → 13.00m NOK (38% → 31% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 92.00m NOK to 42.00m NOK (-54.3% YoY). Calculated
↓
Operating result weakened

Operating result +27.00m NOK → +23.00m NOK (op. margin 29.3% → 54.8%). Calculated
↓
Equity eroded

Book equity 141.00m NOK → 111.00m NOK (equity ratio 94.6% → 99.1%). Calculated
↓
Cash fell

Bank deposits 87.00m NOK → 54.00m NOK (-37.9% YoY). Calculated

·
Paid-in equity reduced

Paid-in equity fell 78.00m NOK → 26.00m NOK — check capital reduction, conversion, or reclassification. Interpretation
·
Book investments changed

Investment / intangible book value 12.00m NOK → 16.00m NOK. Reported fact