NORSKE SKOG ASA: årsregnskap 2018 vs 2017
Shrank 100% on revenue, returned to profit, cash halved-plus
approved 2019-06-06; registry 2019-07-23; journal 2019 770555
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for NORSKE SKOG ASA. Revenue 11.53bn NOK → 97 NOK (-100.0%). Net result -3.55bn NOK → +1.52bn NOK. Equity -920.00m NOK → 2.21bn NOK.
On the constructive side: turned profitable; equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for NORSKE SKOG ASA.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 3.55bn NOK to a profit of 1.52bn NOK. Calculated
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↑
Equity strengthened
Book equity -920.00m NOK → 2.21bn NOK (equity ratio -20.4% → 38.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 11.53bn NOK to 97 NOK (-100.0% YoY). Calculated
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↓
Operating result weakened
Operating result -7.00m NOK → -52.00m NOK (op. margin -0.1% → -53608247.4%). Calculated
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↓
Cash fell
Bank deposits 100.00m NOK → 568.0k NOK (-99.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 49.75× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
COGS moved
COGS / varekostnad 8.16bn NOK → 8.91bn NOK (+9.2% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (100.00m NOK → 568.0k 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 300.00m NOK → 2.55m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 4.25bn NOK → 4.82bn NOK. Reported fact