Norsk Hydro ASA: årsregnskap 2018 vs 2017
Shrank 36% on revenue, returned to profit, cash halved-plus
approved 2019-03-12; registry 2019-06-15; journal 2019 417474
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for Norsk Hydro ASA. Revenue 357.00m NOK → 229.00m NOK (-35.9%). Net result -183.00m NOK → +1.01bn NOK. Equity 61.08bn NOK → 59.27bn NOK.
On the constructive side: turned profitable; owners injected capital. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for Norsk Hydro ASA.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 183.00m NOK to a profit of 1.01bn NOK. Calculated
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↑
Owners injected capital
Paid-in equity rose 31.34bn NOK → 31.37bn NOK (+31.00m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 357.00m NOK to 229.00m NOK (-35.9% YoY). Calculated
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↓
Equity eroded
Book equity 61.08bn NOK → 59.27bn NOK (equity ratio 66.5% → 67.0%). Calculated
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↓
Cash fell
Bank deposits 7.89bn NOK → 2.98bn NOK (-62.2% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (7.89bn NOK → 2.98bn NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 73.59bn NOK → 75.69bn NOK. Reported fact