ARRIBATEC GROUP ASA: årsregnskap 2020 vs 2019
Grew 81184% on revenue, slipped into loss, cash halved-plus
approved 2021-06-29; registry 2021-08-17; journal 2021 621860
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ARRIBATEC GROUP ASA. Revenue 561 NOK → 456.0k NOK (+81183.6%). Net result +3.19m NOK → -55.62m NOK. Equity 7.43m NOK → 385.97m NOK.
On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: operating result weakened; fell into a net loss; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ARRIBATEC GROUP ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 561 NOK to 456.0k NOK (+81183.6% YoY). Calculated
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Equity strengthened
Book equity 7.43m NOK → 385.97m NOK (equity ratio 59.9% → 75.4%). Calculated
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Owners injected capital
Paid-in equity rose 236.6k NOK → 610.9k NOK (+374.3k NOK). Reported fact
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Payroll decreased
Salary cost 4.52m NOK → 2 165 NOK (805704% → 0% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +943 NOK → -8 269 NOK (op. margin 168.1% → -1.8%). Calculated
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Fell into a net loss
Net result flipped from 3.19m NOK profit to a loss of 55.62m NOK. Calculated
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Cash fell
Bank deposits 3.36m NOK → 168.2k NOK (-95.0% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (3.36m NOK → 168.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 0 NOK → 343.6k NOK. Reported fact