SCATEC ASA: årsregnskap 2018 vs 2017
Shrank 100% on revenue, weaker earnings, fresh owner capital
approved 2019-03-15; registry 2019-08-15; journal 2019 923672
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for SCATEC ASA. Revenue 487.71m NOK → 1.66m NOK (-99.7%). Net result +339.10m NOK → +140.00m NOK. Equity 1.02m NOK → 1.64bn NOK.
On the constructive side: equity strengthened; cash rose; owners injected capital. Pressures included: revenue fell; net result weakened; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for SCATEC ASA.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 1.02m NOK → 1.64bn NOK (equity ratio 0.0% → 32.4%). Calculated
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↑
Cash rose
Bank deposits 331.9k NOK → 425.0k NOK (+28.1% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 1.20m NOK → 1.80bn NOK (+1.80bn NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 487.71m NOK to 1.66m NOK (-99.7% YoY). Calculated
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↓
Net result weakened
Net result +339.10m NOK → +140.00m NOK (net margin 69.5% → 8428.7%). Calculated
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↓
Payroll up without matching revenue
Salary cost 61.51m NOK → 90.00m NOK (13% → 5418% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 10.43bn NOK → 10.45m NOK (-99.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1.54bn NOK → 3.50bn NOK. Reported fact