A GREAT IDEA AS: årsregnskap 2019 vs 2018
Grew 87% on revenue, weaker earnings, cash halved-plus
approved 2020-04-16; registry 2020-05-25; journal 2020 365238
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A GREAT IDEA AS. Revenue 8.16m NOK → 15.28m NOK (+87.2%). Net result +7.25m NOK → +530.7k NOK. Equity 6.56m NOK → 7.08m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: sharp cash drawdown; cogs moved; book investments changed. All figures are taken from the published annual accounts for A GREAT IDEA AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 8.16m NOK to 15.28m NOK (+87.2% YoY). Calculated
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Operating result improved
Operating result +2.54m NOK → +3.82m NOK (op. margin 31.1% → 25.0%). Calculated
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Equity strengthened
Book equity 6.56m NOK → 7.08m NOK (equity ratio 36.4% → 35.0%). Calculated
What deteriorated
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↓
Net result weakened
Net result +7.25m NOK → +530.7k NOK (net margin 88.8% → 3.5%). Calculated
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Cash fell
Bank deposits 2.37m NOK → 170.0k NOK (-92.8% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (2.37m NOK → 170.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS moved
COGS / varekostnad 5.02m NOK → 9.96m NOK (+98.5% YoY). Calculated
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Book investments changed
Investment / intangible book value 4.18m NOK → 4.47m NOK. Reported fact