SOLVANG ASA: årsregnskap 2018 vs 2017
Slipped into loss, cash halved-plus, fresh owner capital
approved 2019-05-28; registry 2019-07-09; journal 2019 655295
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for SOLVANG ASA. Revenue 83.88m NOK → 86.04m NOK (+2.6%). Net result +9.17m NOK → -11.53m NOK. Equity 532.1k NOK → 2.81m NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: fell into a net loss; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for SOLVANG ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 83.88m NOK to 86.04m NOK (+2.6% YoY). Calculated
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↑
Equity strengthened
Book equity 532.1k NOK → 2.81m NOK (equity ratio 82.5% → 93.6%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.85× → 6.58×. Calculated
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↑
Owners injected capital
Paid-in equity rose 122.7k NOK → 2.40m NOK (+2.28m NOK). Reported fact
What deteriorated
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↓
Fell into a net loss
Net result flipped from 9.17m NOK profit to a loss of 11.53m NOK. Calculated
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↓
Cash fell
Bank deposits 28.40m NOK → 7.25m NOK (-74.5% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (28.40m NOK → 7.25m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 552.7k NOK → 2.42m NOK. Reported fact