NRC GROUP ASA: årsregnskap 2018 vs 2017
Weaker earnings
approved 2019-05-08; registry 2019-07-24; journal 2019 781088
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for NRC GROUP ASA. Revenue 10.00m NOK → 10.00m NOK (0.0%). Net result +156.00m NOK → 0 NOK. Equity 11.91m NOK → 1.05m NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: net result weakened; equity eroded; payroll up without matching revenue.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for NRC GROUP ASA.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 379.0k NOK → 339.00m NOK (+89345.9% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.91× → 1.14×. Calculated
What deteriorated
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↓
Net result weakened
Net result +156.00m NOK → 0 NOK (net margin 1560.0% → 0.0%). Calculated
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↓
Equity eroded
Book equity 11.91m NOK → 1.05m NOK (equity ratio 684.4% → 47.5%). Calculated
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↓
Payroll up without matching revenue
Salary cost 23.00m NOK → 28.00m NOK (230% → 280% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 4.41m NOK → 2.04bn NOK (+46212.7% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 11.91m NOK → 10 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 1.11m NOK → 1.10bn NOK. Reported fact