PHOTOCURE ASA: årsregnskap 2019 vs 2018
Returned to profit
approved 2020-06-10; registry 2020-07-16; journal 2020 583498
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for PHOTOCURE ASA. Revenue 2 NOK → 2 NOK (0.0%). Net result -36.71m NOK → +47.34m NOK. Equity 444.16m NOK → 492.1k NOK.
On the constructive side: operating result improved; turned profitable; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for PHOTOCURE ASA.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -15.30m NOK → +55.91m NOK (op. margin -765200000.0% → 2795250000.0%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 36.71m NOK to a profit of 47.34m NOK. Calculated
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↑
Cash rose
Bank deposits 26.85m NOK → 32.99m NOK (+22.9% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 74.55m NOK → 75.16m NOK (+613.0k NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 444.16m NOK → 492.1k NOK (equity ratio 90750.2% → 93.3%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.23× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 272.5k NOK → 308.6k NOK. Reported fact