ARCTICZYMES TECHNOLOGIES ASA: årsregnskap 2019 vs 2018
Shrank 32% on revenue, stronger earnings
approved 2020-03-20; registry 2020-06-30; journal 2020 504013
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ARCTICZYMES TECHNOLOGIES ASA. Revenue 14.31m NOK → 9.66m NOK (-32.5%). Net result -115.28m NOK → -6.39m NOK. Equity 204.71m NOK → 196.86m NOK.
On the constructive side: net result improved; cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for ARCTICZYMES TECHNOLOGIES ASA.
At a glance
Scorecard
What improved
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Net result improved
Net result -115.28m NOK → -6.39m NOK (net margin -805.6% → -66.1%). Calculated
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Cash rose
Bank deposits 10.06m NOK → 28.21m NOK (+180.3% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 14.31m NOK to 9.66m NOK (-32.5% YoY). Calculated
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Equity eroded
Book equity 204.71m NOK → 196.86m NOK (equity ratio 99.1% → 82.5%). Calculated
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Current ratio dropped below 1×
Current ratio 29.00× → 0.97× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 40.24m NOK → 44.39m NOK (281% → 459% of revenue). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 246.52m NOK → 246.44m NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 19.37m NOK → 18.90m NOK (-2.4% YoY). Calculated
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Book investments changed
Investment / intangible book value 195.50m NOK → 206.97m NOK. Reported fact