POLARIS MEDIA ASA: årsregnskap 2019 vs 2018
Stronger earnings
approved 2020-05-05; registry 2020-08-03; journal 2020 635489
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for POLARIS MEDIA ASA. Revenue 17.11m NOK → 16.44m NOK (-3.9%). Net result +94.76m NOK → +144.07m NOK. Equity 374.22m NOK → 368.03m NOK.
On the constructive side: net result improved; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: paid-in equity reduced; 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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Net result improved
Net result +94.76m NOK → +144.07m NOK (net margin 553.8% → 876.3%). Calculated
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Current ratio back above 1×
Current ratio 0.53× → 197.78×. Calculated
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Payroll decreased
Salary cost 26143578000.68bn NOK → 22 NOK (152779207577606% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 17.11m NOK to 16.44m NOK (-3.9% YoY). Calculated
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Operating result weakened
Operating result +79.05m NOK → +38.73m NOK (op. margin 462.0% → 235.6%). Calculated
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↓
Equity eroded
Book equity 374.22m NOK → 368.03m NOK (equity ratio 44646.6% → 38479.6%). Calculated
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↓
COGS moved
COGS / varekostnad 16.23m NOK → 18.45m NOK (+13.7% YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 305.88m NOK → 305.75m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 708.32m NOK → 866.3k NOK. Reported fact