AQUA BIO TECHNOLOGY ASA: årsregnskap 2019 vs 2018
Shrank 27% on revenue, stronger earnings, fresh owner capital
approved 2020-06-10; registry 2020-09-03; journal 2020 733048
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AQUA BIO TECHNOLOGY ASA. Revenue 1.22m NOK → 891.5k NOK (-26.8%). Net result -18.36m NOK → -13.22m NOK. Equity 48.94m NOK → 323.0k NOK.
On the constructive side: net result improved; cash rose; owners injected capital. Pressures included: revenue fell; equity eroded; cogs moved.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AQUA BIO TECHNOLOGY ASA.
At a glance
Scorecard
What improved
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Net result improved
Net result -18.36m NOK → -13.22m NOK (net margin -1508.6% → -1482.4%). Calculated
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Cash rose
Bank deposits 3.27m NOK → 6.88m NOK (+110.3% YoY). Calculated
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Owners injected capital
Paid-in equity rose 27.72m NOK → 38.39m NOK (+10.66m NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.22m NOK to 891.5k NOK (-26.8% YoY). Calculated
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Equity eroded
Book equity 48.94m NOK → 323.0k NOK (equity ratio 82.8% → 3.1%). Calculated
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COGS moved
COGS / varekostnad 10 NOK → 10.42m NOK (+104210470.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 3.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 38.50m NOK → -1 NOK. Reported fact