FirmaIQ
Org.nr 988 622 036 2017 → 2018 Year-over-year analysis

NORWEGIAN PROPERTY ASA: årsregnskap 2018 vs 2017

Grew 9% on revenue, returned to profit

approved 2019-04-11; registry 2019-06-15; journal 2019 423342

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for NORWEGIAN PROPERTY ASA. Revenue 42.80m NOK → 46.70m NOK (+9.1%). Net result -256.81m NOK → +490.60m NOK. Equity 2.85bn NOK → 2.49bn NOK.

On the constructive side: revenue rose; turned profitable; cash rose. Pressures included: equity eroded.

Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for NORWEGIAN PROPERTY ASA.

At a glance

Scorecard

Revenue
42.80m NOK 46.70m NOK
+9.1%
Operating result
n/m +765.70m NOK
—
Net result
-256.81m NOK +490.60m NOK
+291.0%
Equity
2.85bn NOK 2.49bn NOK
-12.5%
Cash
5.94m NOK 42.30m NOK
+612.1%
Total assets
10.20bn NOK 10.05bn NOK
-1.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 42.80m NOK to 46.70m NOK (+9.1% YoY). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 256.81m NOK to a profit of 490.60m NOK. Calculated

  • ↑

    Cash rose

    Bank deposits 5.94m NOK → 42.30m NOK (+612.1% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 2.85bn NOK → 2.49bn NOK (equity ratio 27.9% → 24.8%). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 2.85bn NOK → 2.49bn NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 9.12bn NOK → 9.20bn NOK. Reported fact