NORWEGIAN PROPERTY ASA: årsregnskap 2019 vs 2018
Shrank 13% on revenue, weaker earnings
approved 2020-04-16; registry 2020-04-22; journal 2020 304393
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for NORWEGIAN PROPERTY ASA. Revenue 46.70m NOK → 40.70m NOK (-12.8%). Net result +490.60m NOK → +1.01m NOK. Equity 2.49bn NOK → 2.25bn NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
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
What improved
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↑
Cash rose
Bank deposits 42.30m NOK → 236.40m NOK (+458.9% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 46.70m NOK to 40.70m NOK (-12.8% YoY). Calculated
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↓
Operating result weakened
Operating result +765.70m NOK → +1.44m NOK (op. margin 1639.6% → 3.5%). Calculated
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↓
Net result weakened
Net result +490.60m NOK → +1.01m NOK (net margin 1050.5% → 2.5%). Calculated
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↓
Equity eroded
Book equity 2.49bn NOK → 2.25bn NOK (equity ratio 24.8% → 22.6%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 92.89× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 2.49bn NOK → 2.25bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 9.20bn NOK → 8.57bn NOK. Reported fact