FirmaIQ
Org.nr 984 195 486 2017 → 2018 Year-over-year analysis

VOIM ASA: årsregnskap 2018 vs 2017

Shrank 6% on revenue, weaker earnings

approved 2019-06-13; registry 2019-07-18; journal 2019 744988

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for VOIM ASA. Revenue 277.96m NOK → 261.29m NOK (-6.0%). Net result -172.48m NOK → -449.75m NOK. Equity 563.45m NOK → 209.31m NOK.

Pressures included: revenue fell; net result weakened; equity eroded.

Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for VOIM ASA.

At a glance

Scorecard

Revenue
277.96m NOK 261.29m NOK
-6.0%
Net result
-172.48m NOK -449.75m NOK
-160.8%
Equity
563.45m NOK 209.31m NOK
-62.9%
Cash
117.24m NOK 74.80m NOK
-36.2%
Total assets
1.16bn NOK 821.50m NOK
-29.3%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 277.96m NOK to 261.29m NOK (-6.0% YoY). Calculated

  • ↓

    Net result weakened

    Net result -172.48m NOK → -449.75m NOK (net margin -62.1% → -172.1%). Calculated

  • ↓

    Equity eroded

    Book equity 563.45m NOK → 209.31m NOK (equity ratio 48.5% → 25.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 117.24m NOK → 74.80m NOK (-36.2% YoY). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 73.49m NOK → 4.15bn NOK (+5543.0% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 1.47bn NOK → 544.39m NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 1.44m NOK → 955.0k NOK. Reported fact