SCANA ASA: årsregnskap 2018 vs 2017
Shrank 13% on revenue, weaker earnings, cash halved-plus
approved 2019-03-29; registry 2019-05-29; journal 2019 364848
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for SCANA ASA. Revenue 16.88m NOK → 14.65m NOK (-13.2%). Net result -33.84m NOK → -144.38m NOK. Equity 227.97m NOK → 96.39m NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for SCANA ASA.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.00× → 809.43×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 16.88m NOK to 14.65m NOK (-13.2% YoY). Calculated
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↓
Net result weakened
Net result -33.84m NOK → -144.38m NOK (net margin -200.4% → -985.4%). Calculated
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↓
Equity eroded
Book equity 227.97m NOK → 96.39m NOK (equity ratio 47.9% → 27.4%). Calculated
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↓
Cash fell
Bank deposits 18.67m NOK → 4.41m NOK (-76.4% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 12 NOK → 36.65m NOK (+305391566.7% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (18.67m NOK → 4.41m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 227.97m NOK → 107.51m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 231.72m NOK → 224.56m NOK. Reported fact