MPC CONTAINER SHIPS ASA: årsregnskap 2018 vs 2017
Grew 954160% on revenue, stronger earnings, cash halved-plus
approved 2019-03-28; registry 2019-07-16; journal 2019 722644
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for MPC CONTAINER SHIPS ASA. Revenue 1 209 NOK → 11.54m NOK (+954159.7%). Net result -2.50m NOK → -754.0k NOK. Equity 339.26m NOK → 453.8k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for MPC CONTAINER SHIPS ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1 209 NOK to 11.54m NOK (+954159.7% YoY). Calculated
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Operating result improved
Operating result -2.38m NOK → +15.34m NOK (op. margin -197187.8% → 133.0%). Calculated
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Net result improved
Net result -2.50m NOK → -754.0k NOK (net margin -206699.8% → -6.5%). Calculated
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Payroll decreased
Salary cost 5.11m NOK → 1 415 NOK (422333% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 339.26m NOK → 453.8k NOK (equity ratio 99.5% → 99.7%). Calculated
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↓
Cash fell
Bank deposits 100.36m NOK → 22.00m NOK (-78.1% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (100.36m NOK → 22.00m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Paid-in equity reduced
Paid-in equity fell 338.48m NOK → 457.7k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 239.74m NOK → 428.8k NOK. Reported fact