NORBIT ASA: årsregnskap 2018 vs 2017
Shrank 94% on revenue, stronger earnings, fresh owner capital
approved 2019-03-08; registry 2019-03-25; journal 2019 247114
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for NORBIT ASA. Revenue 350.12m NOK → 20.10m NOK (-94.3%). Net result +29.77m NOK → +47.67m NOK. Equity 87.29m NOK → 140.14m NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; cogs moved.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for NORBIT ASA.
At a glance
Scorecard
What improved
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Net result improved
Net result +29.77m NOK → +47.67m NOK (net margin 8.5% → 237.2%). Calculated
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Equity strengthened
Book equity 87.29m NOK → 140.14m NOK (equity ratio 34.3% → 41.8%). Calculated
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Cash rose
Bank deposits 369.9k NOK → 492.4k NOK (+33.1% YoY). Calculated
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Owners injected capital
Paid-in equity rose 33.75m NOK → 44.25m NOK (+10.50m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 350.12m NOK to 20.10m NOK (-94.3% YoY). Calculated
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COGS moved
COGS / varekostnad 4.43m NOK → 4.52m NOK (+1.9% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 150.53m NOK → 4 344 NOK. Reported fact