AQUA BIO TECHNOLOGY ASA: årsregnskap 2020 vs 2019
Shrank 9% on revenue
approved 2021-04-29; registry 2021-09-23; journal 2021 733292
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AQUA BIO TECHNOLOGY ASA. Revenue 891.5k NOK → 812.6k NOK (-8.8%). Net result -13.22m NOK → -14.70m NOK. Equity 323.0k NOK → 8.32m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for AQUA BIO TECHNOLOGY ASA.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 323.0k NOK → 8.32m NOK (equity ratio 3.1% → 51.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 891.5k NOK to 812.6k NOK (-8.8% YoY). Calculated
-
↓
Operating result weakened
Operating result -13.12m NOK → -16.10m NOK (op. margin -1472.2% → -1981.8%). Calculated
-
↓
Net result weakened
Net result -13.22m NOK → -14.70m NOK (net margin -1482.4% → -1809.4%). Calculated
-
↓
Cash fell
Bank deposits 6.88m NOK → 5.43m NOK (-21.0% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 3.28m NOK → 4.94m NOK (368% → 607% of revenue). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 38.39m NOK → 8.32m NOK — check capital reduction, conversion, or reclassification. Interpretation