SCANA ASA: årsregnskap 2019 vs 2018
Shrank 32% on revenue, returned to profit
approved 2020-03-30; registry 2020-05-13; journal 2020 350242
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for SCANA ASA. Revenue 14.65m NOK → 9.99m NOK (-31.8%). Net result -144.38m NOK → +9.27m NOK. Equity 96.39m NOK → 138.59m NOK.
On the constructive side: turned profitable; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; current ratio dropped below 1×.
Also worth watching: 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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↑
Turned profitable
Net result flipped from a loss of 144.38m NOK to a profit of 9.27m NOK. Calculated
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↑
Equity strengthened
Book equity 96.39m NOK → 138.59m NOK (equity ratio 27.4% → 48.7%). Calculated
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↑
Cash rose
Bank deposits 4.41m NOK → 9.87m NOK (+123.6% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 14.65m NOK to 9.99m NOK (-31.8% YoY). Calculated
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↓
Operating result weakened
Operating result -10.10m NOK → -15.11m NOK (op. margin -68.9% → -151.3%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 809.43× → 0.92× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
COGS moved
COGS / varekostnad 36.65m NOK → 12.22bn NOK (+33250.6% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 224.56m NOK → 218.12m NOK. Reported fact