A NEW TYPE OF INVESTMENT AS: årsregnskap 2019 vs 2018
Stronger earnings, cash halved-plus
approved 2020-09-30; registry 2020-10-14; journal 2020 936980
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A NEW TYPE OF INVESTMENT AS. Revenue 4.51m NOK → 4.56m NOK (+1.1%). Net result +1.77m NOK → +3.47m NOK. Equity 446.5k NOK → 3.08m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; cogs moved; book investments changed. All figures are taken from the published annual accounts for A NEW TYPE OF INVESTMENT AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 4.51m NOK to 4.56m NOK (+1.1% YoY). Calculated
-
↑
Net result improved
Net result +1.77m NOK → +3.47m NOK (net margin 39.3% → 76.1%). Calculated
-
↑
Equity strengthened
Book equity 446.5k NOK → 3.08m NOK (equity ratio 7.4% → 38.0%). Calculated
-
↑
Payroll decreased
Salary cost 3.24m NOK → 3.20m NOK (72% → 70% of revenue). Calculated
What deteriorated
-
↓
Cash fell
Bank deposits 13.82m NOK → 276.5k NOK (-98.0% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (13.82m NOK → 276.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
COGS moved
COGS / varekostnad 29.95m NOK → 30.42m NOK (+1.6% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 10.25m NOK → 10.13m NOK. Reported fact