SENTIA ASA: årsregnskap 2018 vs 2017
Grew 12% on revenue, stronger earnings, cash halved-plus
approved 2019-03-29; registry 2019-07-13; journal 2019 701476
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for SENTIA ASA. Revenue 7.03bn NOK → 7.85bn NOK (+11.7%). Net result +176.4k NOK → +138.21m NOK. Equity 195.89m NOK → 176.47m NOK.
On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for SENTIA ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 7.03bn NOK to 7.85bn NOK (+11.7% YoY). Calculated
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↑
Net result improved
Net result +176.4k NOK → +138.21m NOK (net margin 0.0% → 1.8%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -167.5k NOK → -171.0k NOK (op. margin -0.0% → -0.0%). Calculated
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↓
Equity eroded
Book equity 195.89m NOK → 176.47m NOK (equity ratio 71.9% → 73.5%). Calculated
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↓
Cash fell
Bank deposits 41.71m NOK → 4.39m NOK (-89.5% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (41.71m NOK → 4.39m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 22.78m NOK → 22.85m NOK (0% → 0% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 5.89bn NOK → 6.82bn NOK (+15.7% YoY). Calculated