Veidekke ASA: årsregnskap 2018 vs 2017
Shrank 100% on revenue, stronger earnings
approved 2019-03-21; registry 2019-06-24; journal 2019 514864
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for Veidekke ASA. Revenue 107.00m NOK → 110.0k NOK (-99.9%). Net result +816.0k NOK → +401.00m NOK. Equity 1.69bn NOK → 1.39bn NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for Veidekke ASA.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +918.0k NOK → +417.00m NOK (op. margin 0.9% → 379090.9%). Calculated
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↑
Net result improved
Net result +816.0k NOK → +401.00m NOK (net margin 0.8% → 364545.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 107.00m NOK to 110.0k NOK (-99.9% YoY). Calculated
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↓
Equity eroded
Book equity 1.69bn NOK → 1.39bn NOK (equity ratio 43.2% → 31.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 552.34× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 371.00m NOK → 67.00m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 2.97bn NOK → 3.40bn NOK. Reported fact