MORROW BATTERIES ASA: årsregnskap 2018 vs 2017
Stronger earnings
approved 2019-03-08; registry 2019-07-09; journal 2019 631965
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for MORROW BATTERIES ASA. Net result +79.1k NOK → +4.80m NOK. Equity 5.92m NOK → 1.12m NOK.
On the constructive side: net result improved. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for MORROW BATTERIES ASA.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +79.1k NOK → +4.80m NOK. Calculated
What deteriorated
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↓
Operating result weakened
Operating result -5 439 NOK → -9 376 NOK. Calculated
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↓
Equity eroded
Book equity 5.92m NOK → 1.12m NOK (equity ratio 99.7% → 6.3%). Calculated
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↓
Cash fell
Bank deposits 5.93m NOK → 4.45m NOK (-24.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation