SELVAAG BOLIG ASA: årsregnskap 2019 vs 2018
Shrank 97% on revenue, cash halved-plus
approved 2020-04-24; registry 2020-06-22; journal 2020 464204
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for SELVAAG BOLIG ASA. Revenue 3.34bn NOK → 96.69m NOK (-97.1%). Net result +566.8k NOK → +654.5k NOK. Equity 2.80bn NOK → 1.14bn NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for SELVAAG BOLIG ASA.
At a glance
Scorecard
What improved
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Net result improved
Net result +566.8k NOK → +654.5k NOK (net margin 0.0% → 0.7%). Calculated
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Payroll decreased
Salary cost 9.16m NOK → 9.16m NOK (0% → 9% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 3.34bn NOK to 96.69m NOK (-97.1% YoY). Calculated
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Equity eroded
Book equity 2.80bn NOK → 1.14bn NOK (equity ratio 58.5% → 21.7%). Calculated
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Cash fell
Bank deposits 269.01m NOK → 731.9k NOK (-99.7% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (269.01m NOK → 731.9k 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 2.80bn NOK → 1.14bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 4.97m NOK → 80.0k NOK (-98.4% YoY). Calculated
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Book investments changed
Investment / intangible book value 3.39bn NOK → 3.38bn NOK. Reported fact