REACH SUBSEA ASA: årsregnskap 2018 vs 2017
Grew 2174% on revenue, stronger earnings, cash halved-plus
approved 2019-04-25; registry 2019-07-27; journal 2019 800280
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for REACH SUBSEA ASA. Revenue 360.2k NOK → 8.19m NOK (+2174.0%). Net result -30.77m NOK → -9.06m NOK. Equity 220.7k NOK → 205.08m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for REACH SUBSEA ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 360.2k NOK to 8.19m NOK (+2174.0% YoY). Calculated
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Operating result improved
Operating result -37.92m NOK → -34.72m NOK (op. margin -10529.6% → -423.9%). Calculated
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Net result improved
Net result -30.77m NOK → -9.06m NOK (net margin -8542.2% → -110.6%). Calculated
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Equity strengthened
Book equity 220.7k NOK → 205.08m NOK (equity ratio 99.4% → 94.5%). Calculated
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Owners injected capital
Paid-in equity rose 220.7k NOK → 205.08m NOK (+204.86m NOK). Reported fact
What deteriorated
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↓
Cash fell
Bank deposits 19.41m NOK → 8.69m NOK (-55.2% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 34.85m NOK → 23.86m NOK. Reported fact