NORGESGRUPPEN ASA: årsregnskap 2018 vs 2017
Grew 93975% on revenue, cash halved-plus
approved 2019-03-27; registry 2019-07-13; journal 2019 692748
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for NORGESGRUPPEN ASA. Revenue 298.1k NOK → 280.43m NOK (+93974.7%). Net result +2.05bn NOK → +2.39bn NOK. Equity 11.55bn NOK → 11.97bn NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for NORGESGRUPPEN ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 298.1k NOK to 280.43m NOK (+93974.7% YoY). Calculated
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↑
Net result improved
Net result +2.05bn NOK → +2.39bn NOK (net margin 687247.0% → 852.5%). Calculated
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↑
Equity strengthened
Book equity 11.55bn NOK → 11.97bn NOK (equity ratio 42.6% → 41.0%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 658.30m NOK → 22.99m NOK (-96.5% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (658.30m NOK → 22.99m 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 1.83bn NOK → 1.83bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 3.20m NOK → 3.21m NOK (1074% → 1% of revenue). Calculated
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COGS moved
COGS / varekostnad 63.30bn NOK → 65.15bn NOK (+2.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 726.0k NOK → 1.73m NOK. Reported fact