Org.nr 979 938 799 2017 → 2018 Year-over-year analysis

NEL ASA: årsregnskap 2018 vs 2017

Grew 73% on revenue, fresh owner capital

approved 2019-04-11; registry 2019-08-06; journal 2019 865736

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for NEL ASA. Revenue 6.30m NOK → 10.93m NOK (+73.5%). Equity 1.45m NOK → 1.76bn NOK.

On the constructive side: revenue rose; equity strengthened; cash rose.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for NEL ASA.

At a glance

Revenue

6.30m NOK 10.93m NOK

+73.5%

Equity

1.45m NOK 1.76bn NOK

+121498.1%

Cash

258.2k NOK 282.0k NOK

+9.2%

Total assets

1.46m NOK 1.78bn NOK

+121688.9%

↑
Revenue rose

Operating income / revenue moved from 6.30m NOK to 10.93m NOK (+73.5% YoY). Calculated
↑
Equity strengthened

Book equity 1.45m NOK → 1.76bn NOK (equity ratio 99.6% → 99.4%). Calculated
↑
Cash rose

Bank deposits 258.2k NOK → 282.0k NOK (+9.2% YoY). Calculated
↑
Owners injected capital

Paid-in equity rose 1.50m NOK → 1.84bn NOK (+1.84bn NOK). Reported fact
↑
Payroll decreased

Salary cost 20.85m NOK → 15.93m NOK (331% → 146% of revenue). Calculated

·
COGS fell

COGS / varekostnad 163.64m NOK → 298.5k NOK (-99.8% YoY). Calculated
·
Book investments changed

Investment / intangible book value 1.19m NOK → 1 NOK. Reported fact