FirmaIQ
Org.nr 915 419 062 2018 → 2019 Year-over-year analysis

OKEA ASA: årsregnskap 2019 vs 2018

Shrank 99% on revenue, stronger earnings, cash halved-plus

approved 2020-03-27; registry 2020-06-16; journal 2020 441921

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for OKEA ASA. Revenue 353.51m NOK → 3.02m NOK (-99.1%). Net result -148.62m NOK → -71.13m NOK. Equity 1.46m NOK → 1.68bn NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for OKEA ASA.

At a glance

Scorecard

Revenue
353.51m NOK 3.02m NOK
-99.1%
Operating result
+81.00m NOK +827.16m NOK
+921.2%
Net result
-148.62m NOK -71.13m NOK
+52.1%
Equity
1.46m NOK 1.68bn NOK
+114799.1%
Cash
443.00m NOK 1.66m NOK
-99.6%
Total assets
10.05bn NOK 10.99bn NOK
+9.3%

What improved

  • ↑

    Operating result improved

    Operating result +81.00m NOK → +827.16m NOK (op. margin 22.9% → 27393.3%). Calculated

  • ↑

    Net result improved

    Net result -148.62m NOK → -71.13m NOK (net margin -42.0% → -2355.7%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.46m NOK → 1.68bn NOK (equity ratio 0.0% → 15.3%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.34× → 1.39×. Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 1.63m NOK → 1.93bn NOK (+1.93bn NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 353.51m NOK to 3.02m NOK (-99.1% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 443.00m NOK → 1.66m NOK (-99.6% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (443.00m NOK → 1.66m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation