NORCONSULT ASA: årsregnskap 2019 vs 2018
Grew 9% on revenue, stronger earnings, cash halved-plus
approved 2020-04-16; registry 2020-05-16; journal 2020 356991
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for NORCONSULT ASA. Revenue 5.79bn NOK → 6.29bn NOK (+8.6%). Net result +745.9k NOK → +332.54m NOK. Equity 511.8k NOK → 586.1k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for NORCONSULT ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 5.79bn NOK to 6.29bn NOK (+8.6% YoY). Calculated
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Net result improved
Net result +745.9k NOK → +332.54m NOK (net margin 0.0% → 5.3%). Calculated
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Equity strengthened
Book equity 511.8k NOK → 586.1k NOK (equity ratio 50.9% → 0.1%). Calculated
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Current ratio back above 1×
Current ratio 0.00× → 2.06×. Calculated
What deteriorated
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Cash fell
Bank deposits 326.86m NOK → 382.8k NOK (-99.9% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (326.86m NOK → 382.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Paid-in equity reduced
Paid-in equity fell 206.01m NOK → 210.1k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 8.01m NOK → 160.50m NOK. Reported fact