POLARIS MEDIA ASA: årsregnskap 2018 vs 2017
Shrank 99% on revenue, fresh owner capital
approved 2019-05-06; registry 2019-07-22; journal 2019 758747
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for POLARIS MEDIA ASA. Revenue 1.52bn NOK → 17.11m NOK (-98.9%). Equity 407.65m NOK → 374.22m NOK.
On the constructive side: owners injected capital. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for POLARIS MEDIA ASA.
At a glance
Scorecard
What improved
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↑
Owners injected capital
Paid-in equity rose 305.9k NOK → 305.88m NOK (+305.57m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.52bn NOK to 17.11m NOK (-98.9% YoY). Calculated
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↓
Operating result weakened
Operating result +82.95m NOK → +79.05m NOK (op. margin 5.5% → 462.0%). Calculated
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↓
Equity eroded
Book equity 407.65m NOK → 374.22m NOK (equity ratio 49.2% → 44646.6%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 567.76× → 0.53× — 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 714.03m NOK → 708.32m NOK. Reported fact