FirmaIQ
Org.nr 994 051 067 2018 → 2019 Year-over-year analysis

PANORO ENERGY ASA: årsregnskap 2019 vs 2018

Grew 261% on revenue, returned to profit

approved 2020-04-30; registry 2020-06-22; journal 2020 463358

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for PANORO ENERGY ASA. Revenue 12.97m NOK → 46.78m NOK (+260.7%). Net result -7.11m NOK → +10.19m NOK. Equity 61.70m NOK → 87.31m NOK.

On the constructive side: revenue rose; operating result improved; turned profitable.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for PANORO ENERGY ASA.

At a glance

Scorecard

Revenue
12.97m NOK 46.78m NOK
+260.7%
Operating result
-5.81m NOK -910.0k NOK
+84.3%
Net result
-7.11m NOK +10.19m NOK
+243.3%
Equity
61.70m NOK 87.31m NOK
+41.5%
Cash
10.55m NOK 11.41m NOK
+8.2%
Total assets
67.38m NOK 92.44m NOK
+37.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 12.97m NOK to 46.78m NOK (+260.7% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -5.81m NOK → -910.0k NOK (op. margin -44.8% → -1.9%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 7.11m NOK to a profit of 10.19m NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 61.70m NOK → 87.31m NOK (equity ratio 91.6% → 94.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 10.55m NOK → 11.41m NOK (+8.2% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 18 NOK → 18.00m NOK. Reported fact