NORTH ENERGY ASA: årsregnskap 2019 vs 2018
Returned to profit
approved 2020-05-27; registry 2020-06-13; journal 2020 418202
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for NORTH ENERGY ASA. Revenue 0 NOK → 883.0k NOK. Net result -28.91m NOK → +82.96m NOK. Equity 143.09m NOK → 187.1k NOK.
On the constructive side: revenue rose; turned profitable; cash rose. Pressures included: equity eroded.
Also worth watching: paid-in equity reduced; payroll increased; 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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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 883.0k NOK. Calculated
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↑
Turned profitable
Net result flipped from a loss of 28.91m NOK to a profit of 82.96m NOK. Calculated
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↑
Cash rose
Bank deposits 11.87m NOK → 32.92m NOK (+177.3% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 143.09m NOK → 187.1k NOK (equity ratio 98.2% → 97.1%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 1.09bn NOK → 1.05bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 221.0k NOK → 4.83m NOK. Calculated
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·
Book investments changed
Investment / intangible book value 129.59m NOK → 82.11m NOK. Reported fact