PANORO ENERGY ASA: årsregnskap 2018 vs 2017
Grew 99% on revenue, stronger earnings
approved 2019-05-23; registry 2019-07-30; journal 2019 822774
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for PANORO ENERGY ASA. Revenue 6.52m NOK → 12.97m NOK (+98.9%). Net result -36.59m NOK → -7.11m NOK. Equity 29.26m NOK → 61.70m NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for PANORO ENERGY ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 6.52m NOK to 12.97m NOK (+98.9% YoY). Calculated
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Operating result improved
Operating result -34.97m NOK → -5.81m NOK (op. margin -536.5% → -44.8%). Calculated
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Net result improved
Net result -36.59m NOK → -7.11m NOK (net margin -561.4% → -54.8%). Calculated
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Equity strengthened
Book equity 29.26m NOK → 61.70m NOK (equity ratio 82.9% → 91.6%). Calculated
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Cash rose
Bank deposits 6.21m NOK → 10.55m NOK (+70.0% YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 419.34m NOK → 455.6k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 29.08m NOK → 18 NOK. Reported fact