MOWI ASA: årsregnskap 2018 vs 2017
Shrank 14% on revenue, weaker earnings, fresh owner capital
approved 2019-03-26; registry 2019-04-02; journal 2019 262549
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for MOWI ASA. Revenue 22.00m NOK → 19.00m NOK (-13.6%). Net result +462.00m NOK → +566.0k NOK. Equity 1.93bn NOK → 2.12bn NOK.
On the constructive side: equity strengthened; cash rose; owners injected capital. Pressures included: revenue fell; net result weakened; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for MOWI ASA.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 1.93bn NOK → 2.12bn NOK (equity ratio 53.7% → 54.0%). Calculated
-
↑
Cash rose
Bank deposits 8.00m NOK → 33.00m NOK (+312.5% YoY). Calculated
-
↑
Owners injected capital
Paid-in equity rose 1.31bn NOK → 2.12bn NOK (+810.00m NOK). Reported fact
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 22.00m NOK to 19.00m NOK (-13.6% YoY). Calculated
-
↓
Net result weakened
Net result +462.00m NOK → +566.0k NOK (net margin 2100.0% → 3.0%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 962.83× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
Payroll up without matching revenue
Salary cost 14.48m NOK → 15.00m NOK (66% → 79% of revenue). Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 2.81bn NOK → 2.83bn NOK. Reported fact