MPC CONTAINER SHIPS ASA: årsregnskap 2019 vs 2018
Grew 24% on revenue, weaker earnings, cash halved-plus
approved 2020-03-23; registry 2020-06-20; journal 2020 458835
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for MPC CONTAINER SHIPS ASA. Revenue 11.54m NOK → 14.30m NOK (+24.0%). Net result -754.0k NOK → -39.70m NOK. Equity 453.8k NOK → 451.51m NOK.
On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; 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 11.54m NOK to 14.30m NOK (+24.0% YoY). Calculated
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↑
Equity strengthened
Book equity 453.8k NOK → 451.51m NOK (equity ratio 99.7% → 99.4%). Calculated
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↑
Owners injected capital
Paid-in equity rose 457.7k NOK → 456.55m NOK (+456.10m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +15.34m NOK → -6.89m NOK (op. margin 133.0% → -48.2%). Calculated
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↓
Net result weakened
Net result -754.0k NOK → -39.70m NOK (net margin -6.5% → -277.6%). Calculated
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↓
Cash fell
Bank deposits 22.00m NOK → 3.15m NOK (-85.7% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (22.00m NOK → 3.15m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 1 415 NOK → 1.42m NOK (0% → 10% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 428.8k NOK → 445.6k NOK. Reported fact