NORDIC FINANCIALS ASA: årsregnskap 2019 vs 2018
Grew 179% on revenue, returned to profit
approved 2020-04-30; registry 2020-09-09; journal 2020 779590
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for NORDIC FINANCIALS ASA. Revenue 3.28m NOK → 9.17m NOK (+179.5%). Net result -156.8k NOK → +802.4k NOK. Equity 60.51m NOK → 50.95m NOK.
On the constructive side: revenue rose; turned profitable; cash rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for NORDIC FINANCIALS ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.28m NOK to 9.17m NOK (+179.5% YoY). Calculated
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Turned profitable
Net result flipped from a loss of 156.8k NOK to a profit of 802.4k NOK. Calculated
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↑
Cash rose
Bank deposits 197.0k NOK → 68.68m NOK (+34763.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +685.0k NOK → -942.1k NOK (op. margin 20.9% → -10.3%). Calculated
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↓
Equity eroded
Book equity 60.51m NOK → 50.95m NOK (equity ratio 83.6% → 36.5%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 122.15m NOK → 112.77m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 69.19m NOK → 57.65m NOK. Reported fact