NORDIC MINING ASA: årsregnskap 2019 vs 2018
Returned to profit
approved 2020-05-14; registry 2020-08-27; journal 2020 705005
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for NORDIC MINING ASA. Revenue 7.09m NOK → 7.27m NOK (+2.6%). Net result -72.31m NOK → +1.39m NOK. Equity 310.1k NOK → 11.35m NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: payroll increased; 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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↑
Revenue rose
Operating income / revenue moved from 7.09m NOK to 7.27m NOK (+2.6% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 72.31m NOK to a profit of 1.39m NOK. Calculated
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↑
Equity strengthened
Book equity 310.1k NOK → 11.35m NOK (equity ratio 98.7% → 3199.6%). Calculated
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↑
Owners injected capital
Paid-in equity rose 494.6k NOK → 552.9k NOK (+58.3k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -9.83m NOK → -16.46m NOK (op. margin -138.8% → -226.3%). Calculated
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↓
Cash fell
Bank deposits 48.45m NOK → 30.23m NOK (-37.6% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 9.75m NOK → 11.78m NOK (138% → 162% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 264.0k NOK → 12 NOK. Reported fact