OTELLO CORPORATION ASA: årsregnskap 2018 vs 2017
Shrank 93% on revenue, weaker earnings, cash halved-plus
approved 2019-04-09; registry 2019-07-16; journal 2019 725852
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for OTELLO CORPORATION ASA. Revenue 1.50m NOK → 100.0k NOK (-93.3%). Net result -13.9k NOK → -375.20m NOK. Equity 10.75m NOK → 332.80m NOK.
On the constructive side: equity strengthened; owners injected capital. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for OTELLO CORPORATION ASA.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 10.75m NOK → 332.80m NOK (equity ratio 1.4% → 92.1%). Calculated
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↑
Owners injected capital
Paid-in equity rose 205.2k NOK → 162.20m NOK (+161.99m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.50m NOK to 100.0k NOK (-93.3% YoY). Calculated
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↓
Net result weakened
Net result -13.9k NOK → -375.20m NOK (net margin -0.9% → -375200.0%). Calculated
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↓
Cash fell
Bank deposits 29.30m NOK → 1.80m NOK (-93.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.44× → 0.06× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (29.30m NOK → 1.80m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 800 NOK → 800.0k NOK. Reported fact