NORDA ASA: årsregnskap 2019 vs 2018
Grew 399% on revenue, cash halved-plus
approved 2020-06-25; registry 2020-09-01; journal 2020 721211
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for NORDA ASA. Revenue 16.83m NOK → 83.94m NOK (+398.6%). Equity 69.76m NOK → 8.11bn NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for NORDA ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 16.83m NOK to 83.94m NOK (+398.6% YoY). Calculated
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↑
Equity strengthened
Book equity 69.76m NOK → 8.11bn NOK (equity ratio 14.2% → 1791.6%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 13.71m NOK → 3.10m NOK (-77.4% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (13.71m NOK → 3.10m 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 23.49m NOK → 23.46m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 36.14m NOK → 39.28m NOK. Reported fact