MULTICONSULT ASA: årsregnskap 2018 vs 2017
Shrank 28% on revenue, weaker earnings, cash halved-plus
approved 2019-04-04; registry 2019-05-11; journal 2019 320485
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for MULTICONSULT ASA. Revenue 79.28m NOK → 56.94m NOK (-28.2%). Net result +79.53m NOK → +63.56m NOK. Equity 434.8k NOK → 497.1k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for MULTICONSULT ASA.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 434.8k NOK → 497.1k NOK (equity ratio 0.0% → 0.1%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 79.28m NOK to 56.94m NOK (-28.2% YoY). Calculated
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↓
Net result weakened
Net result +79.53m NOK → +63.56m NOK (net margin 100.3% → 111.6%). Calculated
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↓
Cash fell
Bank deposits 154.29m NOK → 2.21m NOK (-98.6% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 11 NOK → 46.05m NOK (0% → 81% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 1.23m NOK → 9.10m NOK (+641.4% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (154.29m NOK → 2.21m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 836.6k NOK → 794.27m NOK. Reported fact