NORTH ENERGY ASA: årsregnskap 2018 vs 2017
Shrank 100% on revenue, weaker earnings
approved 2019-03-20; registry 2019-06-27; journal 2019 548445
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for NORTH ENERGY ASA. Revenue 1 148 NOK → 0 NOK (-100.0%). Net result -11.55m NOK → -28.91m NOK. Equity 149.81m NOK → 143.09m NOK.
On the constructive side: cash rose. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for NORTH ENERGY ASA.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 5.05m NOK → 11.87m NOK (+135.3% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1 148 NOK to 0 NOK (-100.0% YoY). Calculated
-
↓
Net result weakened
Net result -11.55m NOK → -28.91m NOK. Calculated
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↓
Equity eroded
Book equity 149.81m NOK → 143.09m NOK (equity ratio 98.5% → 98.2%). Calculated
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↓
Payroll up without matching revenue
Salary cost -179.0k NOK → 221.0k NOK. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 144.8k NOK → 129.59m NOK. Reported fact