FirmaIQ
Org.nr 931 693 670 2018 → 2019 Year-over-year analysis

AKVA GROUP ASA: årsregnskap 2019 vs 2018

Shrank 100% on revenue, weaker earnings

approved 2020-05-07; registry 2020-06-22; journal 2020 464532

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for AKVA GROUP ASA. Revenue 819.98m NOK → 940.7k NOK (-99.9%). Net result +89.70m NOK → +37.02m NOK. Equity 915.9k NOK → 883.67m NOK.

On the constructive side: operating result improved; equity strengthened; cash rose. Pressures included: revenue fell; net result weakened; payroll up without matching revenue.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for AKVA GROUP ASA.

At a glance

Scorecard

Revenue
819.98m NOK 940.7k NOK
-99.9%
Operating result
-16.10m NOK -3.60m NOK
+77.6%
Net result
+89.70m NOK +37.02m NOK
-58.7%
Equity
915.9k NOK 883.67m NOK
+96380.4%
Cash
4.97m NOK 6.18m NOK
+24.3%
Total assets
1.88bn NOK 2.06bn NOK
+9.5%

What improved

  • ↑

    Operating result improved

    Operating result -16.10m NOK → -3.60m NOK (op. margin -2.0% → -382.6%). Calculated

  • ↑

    Equity strengthened

    Book equity 915.9k NOK → 883.67m NOK (equity ratio 0.0% → 42.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 4.97m NOK → 6.18m NOK (+24.3% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 819.98m NOK to 940.7k NOK (-99.9% YoY). Calculated

  • ↓

    Net result weakened

    Net result +89.70m NOK → +37.02m NOK (net margin 10.9% → 3935.2%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 4.12m NOK → 4.14m NOK (1% → 441% of revenue). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 10.65m NOK → 10.72m NOK (+0.7% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 1.41m NOK → 1.45bn NOK. Reported fact