OKEA ASA: årsregnskap 2018 vs 2017
Grew 813759% on revenue, weaker earnings, cash halved-plus
approved 2019-03-20; registry 2019-06-20; journal 2019 479275
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for OKEA ASA. Revenue 43.4k NOK → 353.51m NOK (+813759.5%). Net result -11.71m NOK → -148.62m NOK. Equity 473.8k NOK → 1.46m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for OKEA ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 43.4k NOK to 353.51m NOK (+813759.5% YoY). Calculated
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Operating result improved
Operating result -55.79m NOK → +81.00m NOK (op. margin -128437.2% → 22.9%). Calculated
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Equity strengthened
Book equity 473.8k NOK → 1.46m NOK (equity ratio 25.8% → 0.0%). Calculated
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Owners injected capital
Paid-in equity rose 495.5k NOK → 1.63m NOK (+1.14m NOK). Reported fact
What deteriorated
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↓
Net result weakened
Net result -11.71m NOK → -148.62m NOK (net margin -26968.4% → -42.0%). Calculated
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Cash fell
Bank deposits 937.41m NOK → 443.00m NOK (-52.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation