FirmaIQ
Org.nr 895 436 232 2018 → 2019 Year-over-year analysis

ATLANTIC SAPPHIRE ASA: årsregnskap 2019 vs 2018

Shrank 18% on revenue, weaker earnings, cash halved-plus

approved 2020-06-11; registry 2020-07-06; journal 2020 531117

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ATLANTIC SAPPHIRE ASA. Revenue 6.32m NOK → 5.15m NOK (-18.5%). Net result -6 604 NOK → -13.15m NOK. Equity 1.34bn NOK → 2.11bn NOK.

On the constructive side: equity strengthened; owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ATLANTIC SAPPHIRE ASA.

At a glance

Scorecard

Revenue
6.32m NOK 5.15m NOK
-18.5%
Operating result
-8.93m NOK -13.47m NOK
-50.9%
Net result
-6 604 NOK -13.15m NOK
-199052.0%
Equity
1.34bn NOK 2.11bn NOK
+56.7%
Cash
82.08m NOK 39.80m NOK
-51.5%
Total assets
1.35bn NOK 2.11bn NOK
+56.9%

What improved

  • ↑

    Equity strengthened

    Book equity 1.34bn NOK → 2.11bn NOK (equity ratio 99.9% → 99.8%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 1.32bn NOK → 2.07bn NOK (+746.65m NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 6.32m NOK to 5.15m NOK (-18.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -8.93m NOK → -13.47m NOK (op. margin -141.4% → -261.5%). Calculated

  • ↓

    Net result weakened

    Net result -6 604 NOK → -13.15m NOK (net margin -0.1% → -255.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 82.08m NOK → 39.80m NOK (-51.5% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 3.61m NOK → 5.70m NOK (57% → 111% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 5.46m NOK → 582.0k NOK (-89.3% YoY). Calculated