ADD ENERGY GROUP AS: årsregnskap 2019 vs 2018
Shrank 22% on revenue, stronger earnings, fresh owner capital
approved 2020-06-26; registry 2020-07-07; journal 2020 544989
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADD ENERGY GROUP AS. Revenue 8.43m NOK → 6.56m NOK (-22.2%). Net result -92.44m NOK → -8.12m NOK. Equity 80.34m NOK → 98.53m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADD ENERGY GROUP AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -10.37m NOK → -8.77m NOK (op. margin -123.1% → -133.8%). Calculated
-
↑
Net result improved
Net result -92.44m NOK → -8.12m NOK (net margin -1097.1% → -123.9%). Calculated
-
↑
Equity strengthened
Book equity 80.34m NOK → 98.53m NOK (equity ratio 37.6% → 47.9%). Calculated
-
↑
Owners injected capital
Paid-in equity rose 80.34m NOK → 98.53m NOK (+18.19m NOK). Reported fact
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 8.43m NOK to 6.56m NOK (-22.2% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 133.49× → 0.02× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 1.52m NOK → 907.0k NOK (-40.3% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 195.51m NOK → 203.0k NOK. Reported fact