NASDAQ OSLO ASA: årsregnskap 2019 vs 2018
Shrank 7% on revenue, weaker earnings
approved 2020-08-31; registry 2020-09-16; journal 2020 821023
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for NASDAQ OSLO ASA. Revenue 95.28m NOK → 89.05m NOK (-6.5%). Net result +29.30m NOK → +4.65m NOK. Equity 71.84m NOK → 76.49m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for NASDAQ OSLO ASA.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 71.84m NOK → 76.49m NOK (equity ratio 59.8% → 71.7%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 95.28m NOK to 89.05m NOK (-6.5% YoY). Calculated
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↓
Operating result weakened
Operating result +38.36m NOK → +7.20m NOK (op. margin 40.3% → 8.1%). Calculated
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↓
Net result weakened
Net result +29.30m NOK → +4.65m NOK (net margin 30.8% → 5.2%). Calculated
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↓
Cash fell
Bank deposits 102.64m NOK → 75.08m NOK (-26.8% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 19.88m NOK → 27.86m NOK (21% → 31% of revenue). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 71.84m NOK → 25.00m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 438.0k NOK → 374.0k NOK. Reported fact