NORDIC MINING ASA: årsregnskap 2018 vs 2017
Shrank 26% on revenue, weaker earnings
approved 2019-05-21; registry 2019-07-23; journal 2019 774867
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for NORDIC MINING ASA. Revenue 9.52m NOK → 7.09m NOK (-25.5%). Net result -26.9k NOK → -72.31m NOK. Equity 232.15m NOK → 310.1k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; net 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 MINING ASA.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 21.70m NOK → 48.45m NOK (+123.2% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 9.52m NOK to 7.09m NOK (-25.5% YoY). Calculated
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↓
Net result weakened
Net result -26.9k NOK → -72.31m NOK (net margin -0.3% → -1020.5%). Calculated
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↓
Equity eroded
Book equity 232.15m NOK → 310.1k NOK (equity ratio 98.3% → 98.7%). Calculated
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↓
Payroll up without matching revenue
Salary cost 8.09m NOK → 9.75m NOK (85% → 138% of revenue). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 232.15m NOK → 494.6k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 212.70m NOK → 264.0k NOK. Reported fact