FirmaIQ
Org.nr 974 529 459 2018 → 2019 Year-over-year analysis

OTELLO CORPORATION ASA: årsregnskap 2019 vs 2018

Shrank 100% on revenue, returned to profit

approved 2020-04-21; registry 2020-07-01; journal 2020 513077

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for OTELLO CORPORATION ASA. Revenue 100.0k NOK → 100 NOK (-99.9%). Net result -375.20m NOK → +91.60m NOK. Equity 332.80m NOK → 418.4k NOK.

On the constructive side: turned profitable. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for OTELLO CORPORATION ASA.

At a glance

Scorecard

Revenue
100.0k NOK 100 NOK
-99.9%
Operating result
n/m -36.80m NOK
—
Net result
-375.20m NOK +91.60m NOK
+124.4%
Equity
332.80m NOK 418.4k NOK
-99.9%
Cash
1.80m NOK 1.20m NOK
-33.3%
Total assets
361.20m NOK 448.3k NOK
-99.9%

What improved

  • ↑

    Turned profitable

    Net result flipped from a loss of 375.20m NOK to a profit of 91.60m NOK. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 100.0k NOK to 100 NOK (-99.9% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 332.80m NOK → 418.4k NOK (equity ratio 92.1% → 93.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.80m NOK → 1.20m NOK (-33.3% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 162.20m NOK → 156.20m NOK — check capital reduction, conversion, or reclassification. Interpretation